http://warning.shawcapitalmanagementscaminfo.com/2011/06/shaw-capital-management-scam-info-judge-rules-against-trial-in-lawsuit-by-victim-of-588k-cyber-heist/#comment-11081
Computerworld – A Maine judge’s ruling in a case involving a business that sued its bank after losing $345,000 in a cyber heist could set a precedent about how diligent companies must be in protecting their assets online.
Patco Construction Company, a family-owned business in Sanford Maine, sued Ocean Bank in 2009 after cyber crooks broke into the company’s online account and siphoned out nearly $589,000 via unauthorized Automated Clearing House (ACH) transfers.
About $243,000 worth of transfers were successfully blocked by the bank after the fraud was discovered. However, Patco was left on the hook for the remaining $345,000 — plus interest charges on more than $100,000 the bank used from Patco’s credit line to cover the illegal transfers.
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