Company Learns the Hard Way that Cyber Insurers May Not Count Social Engineering Attacks As “Computer Fraud” 

“When SJ filed its claim with Travelers, the court noted, it did so only under the social engineering fraud agreement. After realizing the policy limit on computer fraud was 10 times higher, ‘SJ Computers then made a series of arguments – ranging from creative to desperate – to try to persuade Travelers that its loss was not the result of social-engineering-fraud (as SJ Computers itself had initially said) but instead the result of computer fraud,’ the district judge wrote in the order.”

Source: Social engineering, computer fraud ruled legally distinct • The Register

See also  Howden Provides a Single Policy to Cover  Three Nightmares of Cyber Attacks 
×