Mainebiz

W W W. M A I N E B I Z . B I Z 13 M AY 1 5 , 2 0 1 7 Although the bank's security system fl agged each transaction as unusually "high-risk," it did not notify the customer about the activity and allowed the payments to go through. e bank was able to block or recover $243,406.83, leaving Patco with a $345,444.43 residual loss. e U.S. District Court in Maine ruled in favor of the bank, only to be reversed by the U.S. Court of Appeals for the First Circuit in Boston. Judges left open the question of what, if any, obligations or responsibilities the Uniform Commercial Code imposed on Patco. Today, Patco writes only paper checks, said Bernstein Shur's Mitchell, who represented the company. "In some ways they certainly give up something by doing that," he says, "but they felt it was a more secure solution." Companies that prefer checks should either buy secure checks or opt for a fraud-detection service known as 'positive pay," suggests Frank W. Abagnale Jr., a former con artist now working for the FBI and as a cybercrime consultant. He was recently in Portland to raise awareness about scams and fraud as part of his ongoing work with the AARP Fraud Watch Network. He also recommends using a micro-cut shredder to turn paper into confetti the size of a rice grain. "When you use a straight ribbon shredder, at the FBI we put those back in less than 30 minutes," he recently told Mainebiz. "If we can do it, so can a criminal." Fanelli has two further tips: Never re-use passwords, and train employees on how to recognize phishing emails. "It's a no-brainer in security circles. You will get a tremendous benefi t for a relatively small expense." R C , M a i n e b i z s e n i o r w r i t e r, c a n b e r e a c h e d a t @ . a n d @ R S C Even at organizations Even at organizations Even at organizations Even at organizations Even at organizations Even at organizations Even at organizations Even at organizations Even at organizations Even at organizations Even at organizations Even at organizations Even at organizations Even at organizations that train people, that train people, that train people, that train people, that train people, that train people, that train people, that train people, that train people, that train people, that train people, that train people, that train people, employees still click on email links they shouldn't. — Daniel Mitchell Bernstein Shur

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