Key Strategies For Insuring Social Engineering Risks

By Matthew Schlesinger and Scott Levitt (August 1, 2017, 2:38 PM EDT) -- While scams to trick people to part with money or information may be as old as humankind, the sheer amount of information now publicly available online has facilitated and emboldened criminals who use that information to impersonate an employee, vendor or customer fraudulently directing a company's employee to transfer funds. These schemes go by various names such as social engineering fraud, fake president fraud or business email compromise. This article provides guidance from policyholder counsel about how to maximize the prospects that insurance will be available to cover losses resulting from such schemes.

Coverage Specifically Written to Insure Social Engineering Risks...

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