Tag Archives: business e-mail compromise

Two Court Rulings Show Coverage Difficulties for “Fake President” Fraud

A few weeks back, the Insurance Recovery report posted a blog about the difficulty obtaining insurance coverage for “fake president” fraud, which is also known as business e-mail compromise, or social engineering fraud.   Two courts have recently reached opposite holdings on this exact topic, which highlight the difficulty policyholders face when they have been victimized by … Continue Reading

The Remedy for the New Cyber Threat Posing Major Coverage Problems: “Fake President” E-mails

In the last few weeks, we have seen yet another widespread ransomware attack that hit nearly one hundred companies around the world.  It reminded me of a recent request from a client, made just after news broke of the WannaCry ransomware attacks, to review its insurance portfolio to confirm that it was covered for ransomware … Continue Reading
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