Tag Archives: Ocean Bank

US Court Decision is Good News for Banking Customers

July 17, 2012 by Jon Callas     No Comments

Blogmaster Note: This was originally posted on July 17, 2012 to ComputerWorld UK’s Security Spotlight Blog. US ruling has implications for UK over bank’s liability Thefts from a construction company in Sanford, Maine might be the catalyst for much-needed improvements to banking security. The US First Circuit Court of Appeals reversed a decision that said [Read More...]

It’s an uphill battle – but we’re making progress in the fight against online fraud

July 10, 2012 by Mike Byrnes     No Comments

While one would be foolish to say we can now rest on our laurels, I think it time to pause and celebrate some very tangible progress in the fight against online fraud. July 3, 2012 marked the end of a very interesting yearlong journey for Patco, a Maine-based construction company who became the victim of [Read More...]

An appropriate fate — Ocean Bank fined $11 million for poor controls in latest fraud case

August 25, 2011 by Mike Byrnes     No Comments

As my grade 11 accounting teacher used to say, “It all comes out in the wash!” And he was right. Sooner or later, things have a way of “righting” themselves. When you’re in a tough situation and life doesn’t seem fair, this statement is not always easy to believe. But in my experience, somehow, in [Read More...]

Filed Under: Fraud Tagged With: bank fraud, cybercrime, FDIC