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Email Scam Losses May Find Recourse Via Cyber Or Business Interruption Coverage | Ervin Cohen & Jessup LLP

Losses arising from email scams are usually covered, if at all, under a company’s crime policy. But a recent decision from The District Court in Minnesota suggests that recourse may. ....

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WTF?! – Wire Transfer Fraud Coverage Disputes Continue | Locke Lord LLP

Business email compromises (BECs) remain big business. According to a recent FBI report, “[i]n 2021, BEC schemes resulted in 19,954 complaints with an adjusted loss of nearly $2.4. ....

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Ernst & Haas Mgmt. Co. v. Hiscox, Inc. - Insurance

When the bank declined to reverse the transactions, the insured sought coverage under a Crime Insurance Policy. ....

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Privacy & Cybersecurity Update - March 2022 | Skadden, Arps, Slate, Meagher & Flom LLP

In this month’s Privacy & Cybersecurity Update, we analyze the U.S. and EU’s joint commitment to create a new data transfer framework to replace the invalidated Privacy Shield, as well. ....

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Win for Victims of Fraudulent Bank Transfer Schemes

Ninth Circuit dealt with a case involving a scenario that is becoming all too common. In Ernst & Haas Mgmt. Co., Inc. v. Hiscox, Inc., a property management company’s accounts payable clerk received several e-mails from her supervisor instructing her to pay invoices. ....

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