The FBI continues to warn that losses are on the rise from business email compromise (BEC) or “social engineering” schemes, which the Bureau describes as:
Carried out by transnational criminal organizations that employ...more
8/15/2017
/ Business E-Mail Compromise (BEC) ,
Computer Fraud Insurance ,
Corporate Counsel ,
Cyber Crimes ,
Cyber Insurance ,
Cybersecurity ,
Denial of Insurance Coverage ,
FBI ,
Hackers ,
Insurance Industry ,
Insurance Litigation ,
Policy Terms ,
Social Engineering
The computer network of a Five Guys Burger franchise, RVST Holdings, LLC (RVST), was hacked. Customers’ credit card information was stolen and used to make numerous fraudulent charges. Trustco Bank brought an action against...more
7/18/2016
/ Commercial General Liability Policies ,
Corporate Counsel ,
Credit Cards ,
Cyber Attacks ,
Cyber Insurance ,
Data Breach ,
Denial of Insurance Coverage ,
Electronic Data Transmissions ,
Fraudulent Charges ,
Hackers ,
Insurance Industry ,
Personally Identifiable Information ,
Popular ,
Property Damage ,
Restaurant Industry ,
Summary Judgment
It’s a familiar pattern. First, new risks inspire legislation and regulations that impose new penalties. Next, insurers and policyholders fight over whether the new liabilities are covered under traditional liability...more
6/22/2015
/ Corporate Counsel ,
Cyber Insurance ,
Cybersecurity ,
D&O Insurance ,
Data Breach ,
Data Protection ,
Daubert Standards ,
Financial Institutions ,
Hackers ,
IBM ,
Information Security ,
Insurance Industry ,
Liability Insurance ,
Software ,
Sony ,
Travelers Property Casualty Co. ,
Visa Inc ,
Young Lawyers