Hackers rerouted more than $540,000 from a small business account owned by Maine-based PATCO Construction Inc. The case is expected to appear before an appellate court sometime next month. In the PATCO case, the court failed to address the industry’s two key concerns: reasonable security and good faith. ACH- and wire-related fraud events have plagued the financial space for several years, courts and attorneys continue to wrestle with just how much responsibility financial institutions bear when breaches occur.”]
Source: https://www.govinfosecurity.com/ach-fraud-courts-a-4546