Ocean Bank, which allowed hackers to withdraw more than $300,000 from a customer's account, won't have to cover the loss. A Maine judge said its account security was "not optimal," but ultimately ruled for it because hackers obtained account credentials using malicious software installed on the customer's computers. Ocean asserted that its due diligence was covered by verifying a password. [Wired]
Ocean Bank lost $300,000 in hack, but won't have to repay customer
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