Note the language in the policy that appears to exclude losses from similar scams. It’s in the courts now.
“Star Title’s employees purportedly failed to authenticate the perpetrator’s wire instructions. Upon learning that the fraudster had diverted the funds, Star Title tendered a wire fraud claim to its cyber insurance carrier, which denied coverage.” Source: Cyber Insurance Policies May Not Cover Phishing Attack Funds Diversion | Bilzin Sumberg – JDSupra