fraudulent instruction News

Policy Limit Doesn’t Bar Claim for Loss From $1.7M Phishing Scam

A $1.7 million email phishing fraud that included phone calls with a fake lawyer and an intervention by a Wells Fargo fraud investigator is still a fraud and Ironshore Indemnity is liable for the claim, a split panel with the …

Beazley: Fraudulent Instruction an Emerging New Cyber Threat

Claims data recorded by Beazley, the specialist insurer and leading provider of cyber insurance, indicates that organizations are facing an increased threat to their operations from fraudulent instruction scams. Fraudulent instruction incidents reported to Beazley Breach Response Services (BBR Services) …