“Focus Safety & Security” piece that looks at the legal case involving Patco Construction Co. and People’s United Bank. Patco’s co-owner, Mark Patterson, sued the bank after his company’s computers were hacked and Patco lost $345,000 that the bank would not reimburse. The U.S. District Court in Maine found for the bank, but the decision was reversed in the U.S. Court of Appeals in Boston, the first time in a high-profile case where the bank was found to have unreasonable security procedures. The author examines the concept of “commercial reasonableness” and looks at the security measures that banks have in place. Chris Pinkham, president of the Maine Bankers Association, says that bank systems are very secure and that the Patco case was unusual. With a sidebar giving highlights of the Patco security case.
PATCO Construction, Sanford, Computer crimes
Valigra, Lori, "Online Liability" (2013). Maine News Index – MaineBiz. 5928.