Computer and Funds Transfer Fraud Endorsements Issues in Data Breach Claims

摘要

This is "simply" a what-if scenario, but consider this: If your e-commerce company were to suffer a data breach, do you know that there is insurance coverage for related costs under some commercial crime-insurance policies? It is so.rnAn Ohio federal court has held that a computer and funds transfer fraud endorsement in an AIG commercial-crime policy provides coverage for a data breach. So, if your company bought such coverage, and your company has suffered a data breach, then be sure to put that insurance company on notice for the claim.