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Companies That Pay Hackers May Be Able to Recoup Their Losses | Ervin Cohen & Jessup LLP - Vimarsana News

Companies That Pay Hackers May Be Able to Recoup Their Losses | Ervin Cohen & Jessup LLP

Where companies are victimized by ransomware or email scams, their losses arise from payments made by an officer or employee of the company. In the case of ransomware, a...

Direct Means Proximate? Oregon District Court Holds Ransomware Payment Is a Direct Loss | Clark Hill PLC - Vimarsana News

Direct Means Proximate? Oregon District Court Holds Ransomware Payment Is a Direct Loss | Clark Hill PLC

In yet another troubling decision to the crime insurance industry, on Dec. 6, a federal district court, applying Oregon law, found coverage for a ransomware payment under a Computer...

The Ninth Circuit Hooks a California Policyholder Win Under a Commercial Crime Policy in a Phishing Scam Case | Miller Nash LLP - Vimarsana News

The Ninth Circuit Hooks a California Policyholder Win Under a Commercial Crime Policy in a Phishing Scam Case | Miller Nash LLP

The Ninth Circuit Court of Appeals delivered a policyholder insurance coverage win in a phishing case centered in Long Beach, California (home of our California office), in Ernst & Haas...

9th Circuit says Computer-Fraud Policies May Cover 'Spoofing' | Ervin Cohen & Jessup LLP - Vimarsana News

9th Circuit says Computer-Fraud Policies May Cover 'Spoofing' | Ervin Cohen & Jessup LLP

Consider the following two scenarios resulting in identical losses, but potentially two entirely different insurance coverage outcomes. In the first instance, a thief...

WTF?! – Recurring Issues in Wire Transfer Fraud Coverage Disputes | Locke Lord LLP - Vimarsana News

WTF?! – Recurring Issues in Wire Transfer Fraud Coverage Disputes | Locke Lord LLP

Business email compromise threats trick unsuspecting targets into sending money to the perpetrators, often through use of fraudulent wire or ACH transfer instructions. Entities should...