Category Security

Bank Might Bear Loss for Fraudulent Money Transfers Initiated From Its Website–Patco v Ocean Bank

By Jake McGowan (with input from Venkat Balasubramani) Patco v. Ocean Bank, 11-2031 (1st Cir. July 3, 2012) When a scammer siphons money from a customer’s online bank account, should the bank or the customer bear the loss? Last year, we blogged about a pair of cases that considered this question and came to differing […]