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Bank Agrees to Reimburse Hacking Victim $300K in Precedent-Setting Case

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November 30, 2012
Cyber Security
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“In a case watched closely by banks and their commercial customers, a financial institution in Maine has agreed to reimburse a construction company $345,000 that was lost to hackers after a court ruled that the bank’s security practices were ‘commercially unreasonable.’ People’s United Bank has agreed to pay Patco Construction Company all the money it […]

Via OODA Loop