The “business compromise email” is what the FBI calls the “$5 billion scam,” but apparently an insurance company did not agree with an insured company that they had been the victim of a crime....more
7/25/2017
/ Business E-Mail Compromise (BEC) ,
Computer Fraud Insurance ,
Corporate Counsel ,
Crime Insurance Policies ,
Cyber Crimes ,
Cyber Insurance ,
Denial of Insurance Coverage ,
Email ,
FBI ,
Fraud ,
Fund Transfers ,
Money Transfer ,
Scams ,
Spoofing
We previously reported that CNA filed a lawsuit against its insured Cottage Health System seeking reimbursement of amounts that it previously paid under Cottage’s cyber liability insurance policy. On Friday, a federal...more
..new insurance coverage endorsements -
A few days ago, media outlets released a video of a kangaroo knocking a drone out of the sky.
Apparently, this “privacy loving” kangaroo was less than pleased with the...more
There are only a handful of decisions addressing whether a commercial general liability (CGL) policy provides coverage for lawsuits brought against retailers allegedly collecting their customers’ ZIP code information. ...more
Nearly a year has passed since the SEC announced that it would require admissions of wrongdoing as a condition of settling SEC charges in certain cases. Perhaps it can no longer be called a “new” policy. But lawyers are still...more