In what could be a precedent-setting case, Wired: Threat Level reports that the People’s United Bank in Maine has agreed, per a court ruling finding it had inadequate security, to pay $345,000 to reimburse Patco Construction Company, one of its clients whose electronic bank account was accessed without authorization in 2009, after hackers installed spyware on Patco’s computers to gain the login credentials. The New York Times reported on Patco’s case as part of a larger story on the need for hacking insurance in June. At that time, Patco owner Mark Patterson said:
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=163443