{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-019344","form_type":"8-K","ticker":"SHBI","cik":"0001035092","company_name":"SHORE BANCSHARES INC","filed_at":"2024-04-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.957585+00:00","generated_at":"2026-06-03T03:53:29.636239+00:00","sec_items":["8.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Shore Bancshares reports $4.3M fraud expense from fraudulent credit card account openings in Q1 2024","bullets":["Fraud loss of $4.3 million recognized in Q1 2024; $3.6M (84%) occurred between March 25 and April 2.","Bad actors used stolen personal information (not from bank customers) to open credit cards via online activation.","No existing bank customers impacted; core processing system not compromised.","All fraudulent accounts closed; credit card activations suspended until investigation complete.","Bank evaluating whether to continue as credit card issuer; working with law enforcement for recovery."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-019344","json":"https://secwatch.observer/filing/0001628280-24-019344.json","markdown":"https://secwatch.observer/filing/0001628280-24-019344.md","text":"https://secwatch.observer/filing/0001628280-24-019344.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1035092/000162828024019344/0001628280-24-019344-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1035092/000162828024019344/shbi-20240430.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T03:53:29.636239+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}