Photo: Shutterstock.com Crime Insurance Failing To Keep Up With Cyber Criminal Innovation
Almost all modern commercial crime policies contain in the body of the form an express promise of insurance coverage for losses directly resulting from "computer fraud." Unfortunately, many crime insurance companies fight computer fraud insurance claims regularly.
October 02, 2020 at 03:36 PM
6 minute read
While a pandemic continues to rage, it is understandable to lose focus on the continued scourge of computer-enabled theft. In fact, cyber criminals are counting on it. Hackers routinely rely upon a state of distraction and the craft of diversion to hack, scam and steal. As such, it is useful for in-house lawyers, their counselors, and risk managers to keep in mind that insurance coverage regularly purchased by organizations to protect against crime losses can protect against computer fraud incidents.
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