The ongoing dispute between PATCO Construction Inc. and People’s United, formerly Ocean Bank, over a $500,000 account takeover incident has finally come to a close. The case is the second high-profile dispute over an account takeover event to be settled out of court this year. The appellate court in the PATCO case described the bank’s security procedures as “commercially unreasonable” The case opened the door for future cases to explore the obligation commercial customers have for ensuring their own security.”]
Source: https://www.cuinfosecurity.com/patco-fraud-dispute-settled-a-5313