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Chubb Must Cover $4.8M Email Scam Loss, 2nd Circ. Affirms

By Jeff Sistrunk (July 6, 2018, 1:54 PM EDT) -- The Second Circuit on Friday upheld a New York federal court's ruling putting a Chubb Ltd. unit on the hook for a $4.8 million loss that Medidata Solutions Inc. suffered when it was tricked into wiring money overseas through an email-based scheme, agreeing with a lower court that the incident clearly constitutes covered computer fraud under Medidata's policy....

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