{"id":2396,"date":"2012-11-29T06:00:57","date_gmt":"2012-11-29T00:30:57","guid":{"rendered":"https:\/\/www.qadit.com\/blog\/?p=2396"},"modified":"2012-11-29T06:00:57","modified_gmt":"2012-11-29T00:30:57","slug":"maine-construction-company-and-bank-settle-dispute-over-345000-online-banking-heist","status":"publish","type":"post","link":"https:\/\/qadit.com\/blog\/maine-construction-company-and-bank-settle-dispute-over-345000-online-banking-heist\/","title":{"rendered":"Maine Construction Company And Bank Settle Dispute Over $345,000 Online Banking Heist"},"content":{"rendered":"<p><a href=\"https:\/\/www.teamshatter.com\/wp-content\/uploads\/2012\/11\/147251139-2.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.teamshatter.com\/wp-content\/uploads\/2012\/11\/147251139-2-300x199.jpg\" alt=\"\" width=\"300\" height=\"199\"><\/a>A Maine construction company that sued its bank after losing $345,000 in an online banking heist has settled its dispute after a protracted legal battle that raised questions about the bank\u2019s responsibility in protecting customer accounts against cyber fraud.<\/p>\n<p>The settlement between Patco Construction and People\u2019s United Bank (formerly Ocean Bank) comes about four months after the U.S. Court of Appeals for the First Circuit faulted the bank\u2019s security measures at the time of the theft and advised the two sides to work out a compromise.<\/p>\n<p><a href=\"https:\/\/www.computerworld.com\/s\/article\/9234054\/Construction_company_bank_settle_dispute_over_345_000_cyber_heist?taxonomyId=17\">Click for complete article &gt;&gt;<\/a><\/p>\n<p><\/p>\n<hr>\n<p>Original news article at <a href=\"https:\/\/www.teamshatter.com\/topics\/database-security\/maine-construction-company-and-bank-settle-dispute-over-345000-online-banking-heist\/\">https:\/\/www.teamshatter.com<\/a> on November 27, 2012 at 09:04PM<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Maine construction company that sued its bank after losing $345,000 in an online banking heist has settled its dispute after a protracted legal battle that raised questions about the bank\u2019s responsibility in protecting customer accounts against cyber fraud. The settlement between Patco Construction and People\u2019s United Bank (formerly Ocean Bank) comes about four months &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/qadit.com\/blog\/maine-construction-company-and-bank-settle-dispute-over-345000-online-banking-heist\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Maine Construction Company And Bank Settle Dispute Over $345,000 Online Banking Heist&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[1],"tags":[4],"class_list":["post-2396","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-it-security"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9AH7Q-CE","_links":{"self":[{"href":"https:\/\/qadit.com\/blog\/wp-json\/wp\/v2\/posts\/2396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qadit.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qadit.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qadit.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/qadit.com\/blog\/wp-json\/wp\/v2\/comments?post=2396"}],"version-history":[{"count":0,"href":"https:\/\/qadit.com\/blog\/wp-json\/wp\/v2\/posts\/2396\/revisions"}],"wp:attachment":[{"href":"https:\/\/qadit.com\/blog\/wp-json\/wp\/v2\/media?parent=2396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qadit.com\/blog\/wp-json\/wp\/v2\/categories?post=2396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qadit.com\/blog\/wp-json\/wp\/v2\/tags?post=2396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}