Computer Transfer Fraud News Today

Cyber Security And Privacy Insurance Claims - This is the fifth installment of our series of articles reviewing some of the key trends and developments currently...

To embed, copy and paste the code into your website or blog: The Fifth Circuit has affirmed a district court ruling that a crime policy’s Computer Transfer Fraud coverage did not apply to losses incurred in connection with an email phishing scam. See . As we discussed in a prior alert, employees of the insured silicon manufacturing company were tricked by fraudsters posing as a vendor into transferring over $1 million to the fraudster’s bank account. The policy’s Computer Transfer Fraud ...