Bank Agrees to Reimburse Hacking Victim $300K in Precedent-Setting Case

Bank Agrees to Reimburse Hacking Victim $300K in Precedent-Setting Case

In a case watched closely by banks and their commercial customers, a financial institution in Maine has agreed to reimburse a construction company $345,000 that was lost to hackers after a court ruled that the bank’s security practices were “commercially …