Insurance coverage

Questions remain over computer fraud coverage for phishing

By Robert Callahan and Melissa D’Alelio (August 26, 2022, 6:00 PM EDT) — Businesses are increasingly vulnerable to social engineering schemes, also known as email spoofing schemes or phishing.

Phishing schemes involve fraudulent attempts to obtain sensitive information and/or solicit payment from unsuspecting companies, often using seemingly identical emails from a trusted source to trick the victim into affirmatively disclosing sensitive information or to authorize payment.

A phishing scheme is distinct from hacking, which involves forced intrusion into another person’s computer system to obtain sensitive information or direct payments without the assistance of the victim.

In recent years, federal and state courts have debated whether computer fraud coverage in property insurance policies covers…

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