Highlighting News, Trends and Best Practices in Risk Management and Property & Casualty Insurance

Email Hacking & Crime Claim Alert

Posted by Rachel Smith on Oct 14, 2014 7:00:00 AM

BACKGROUND

There has been an increase in claims activity involving email hacking. These situations involve either:  A third party hacks into your email/system posing as one of your regular vendors with instructions to send future payments to a new bank account; or  A third party hacks into your vendor’s computer and forwards updated banking instructions to be used for future payments or forwards what appears to be an actual invoice including updated banking instructions.

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Topics: Property&Casualty, Insurance, Insurance Brokerage, EmailHacking, Alert, Insurance Coverage

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