Photo: Shutterstock.comWhile a pandemic continues to rage, it is understandable to lose focus on the continued scourge of computer-enabled theft. In fact, cyber criminals are counting on it. Hackers routinely rely upon a state of distraction and the craft of diversion to hack, scam and steal. As such, it is useful for in-house lawyers, their counselors, and risk managers to keep in mind that insurance coverage regularly purchased by organizations to protect against crime losses can protect against computer fraud incidents.
The Hacks Keep Coming
In the age of COVID-19, foreign cyber criminals have hacked pharmaceutical companies looking for a coronavirus cure, law enforcement databases have been hacked, criminals have sought to interfere in elections, and (to prove no one is immune), a cyber security firm was hacked as a means of revenge. Most recently, a cyber scam involving Twitter and several of its high-profile users was revealed in which cyber criminals used hacked accounts to perpetrate fraud through a bogus cryptocurrency donor “match.”
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October 03, 2020 at 02:36AM
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Crime Insurance Failing to Keep Up With Cyber Criminal Innovation | New York Law Journal - Law.com
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