The facts are frequently the same. A company that has retained the services of a vendor receives an authentic-looking email from the vendor’s CFO which advises that the vendor has.
In Medidata Solutions, Inc. v. Federal Insurance Company, 268 F. Supp. 3d 471 (S. D. N. Y. 2017), aff’d, 729 Fed. Appx. 117 (2nd Circuit 2018), the Court found that there was insurance.
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.
Social Engineering Attacks May Be Insured by Commercial Crime Coverage americanbar.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbar.org Daily Mail and Mail on Sunday newspapers.