Ones bank account is not FDIC insured against theft, but from your bank going bankrupt. I would love an update. It will all depend on just how good of a business account you have and just how much viral this goes.
For reference. Go here and read under the area called "What is not insured" https://www.fdic.gov/consumers/consumer/information/fdiciorn...
Is Everything We Know About Password-Stealing Wrong? http://research.microsoft.com/pubs/161829/EverythingWeKnow.p...
"Federal Reserve Regulation E guarantees that US consumers are made whole when their bank passwords are stolen. The implications lead us to several interesting conclusions. First, emptying accounts is extremely hard: transferring money in a way that is irreversible can generally only be done in a way that cannot later be repudiated. Since password-enabled transfers can always be repudiated this explains the importance of mules, who accept bad transfers and initiate good ones. This suggests that it is the mule accounts rather than those of victims that are pillaged. We argue that passwords are not the bottle-neck, and are but one, and by no means the most important, ingredient in the cybercrime value chain. We show that, in spite of appearances, password-stealing is a bad business proposition."
http://www.bankersonline.com/technology/gurus_tech080403b.ht...
But that is really good protection for the consumer! I was not aware of that protection. I have heard of people being told by banks that their were no protections.