State Bank of Bellingham v. BancInsure, Inc.

14-3432

October 30, 2017
The State Of Computer Fraud Coverage Law: 5 Key Rulings

A New York federal court's recent decision that Medidata Solutions is entitled to coverage for a loss to an email-based theft scheme and a Michigan federal judge's ruling that a tool manufacturer isn't covered for a similar scam added to a body of wildly varied case law on whether computer fraud insurance covers sophisticated criminal plots.
May 23, 2016
Policyholders Get Digital Fraud Coverage Boost At 8th Circ.

The Eighth Circuit's finding Friday that a bank employee's failure to secure a computer network doesn't nix insurance coverage for a fraudulent transfer loss caused by a hacker bolsters policyholders seeking coverage for digital fraud by laying blame at the hacker's feet despite the employee's negligence, experts say.
May 20, 2016
Minn. Bank Covered For Fraudulent Transfer, 8th Circ. Says

The Eighth Circuit affirmed Friday that a Minnesota bank is entitled to coverage under a BancInsure financial institution bond for a loss due to a fraudulent transfer carried out by a hacker, finding that, although bank employees failed to secure a computer network, the hacker's criminal acts were still the main cause of the loss.

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