Federal Court Finds Coverage for Company Spoofed by E-Mail Fraudsters

Originally published by Verne Pedro.

To paraphrase the film noir classic Asphalt Jungle, cyber-crime is a left-handed form of human endeavor. The District Court for the Southern District of New York has ruled in Medidata v. Federal Insurance Company,1 that a company duped via e-mail into wiring sums of money overseas by an unknown actor was covered under the company’s…… Continue Reading

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