Construction company in Maine is suing its bank after about $588,000 disappeared from its accounts. Fraudsters made six transfers from the online bank accounts of Patco Construction Company. The hefty withdrawals exceeded the amount of money Patco had in its account, which was used solely for payroll. Patco is still on the hook for $345,444; its bank drew $223,237 on the company’s line of credit to cover the withdrawals. The fraudsters had a lot of key information needed to do the transfers, conducted through the ACH network.”]
Source: https://www.csoonline.com/article/2124406/construction-firm-sues-after–588-000-online-theft.html