Court Ruling on "Reasonable" Electronic Banking Security
One of the pleasant side effects of being too busy to write longer blog posts is that -- if I wait long enough -- someone else writes what I would have wanted to.
The ruling in the Patco Construction vs. People's United Bank case is important, because the judge basically ruled that the bank's substandard security was good enough -- and Patco is stuck paying for the fraud that was a result of that substandard security. The details are important, and Brian Krebs has written an excellent summary.
EDITED TO ADD (7/13): Krebs also writes about a case going in the opposite direction in a Michigan court.
Posted on June 17, 2011 at 12:09 PM • 104 Comments