Ken Kronstadt will present “Insurance Coverage for Fraudulent Email Schemes – Strategies From Insured and Insurer Perspectives” during a Strafford Webinar on July 10, 2019.
The panel will discuss the unique risks that cyber-related losses resulting from social engineering fraud, spoofing, phishing, and other computer related-scams--such as where scammers have convinced employees to transfer funds to them using executives' hijacked email accounts--pose to businesses and how to mitigate those risks with cyber/fidelity and other types of insurance coverage. The panel will discuss recent case law and guide insurer and policyholder counsel on negotiating terms and exclusions, as well as explaining how computer fraud coverage works with other policies, to address potential losses.
The panel will review these and other relevant issues:
- What are the most common types of computer-related scams?
- How does cyber insurance dovetail with other insurance policies like CGL, D&O, or E&O coverage to mitigate risk and losses?
- How can counsel for insurers and policyholders assist in clearing common roadblocks to procure coverage?
- What specific exclusions commonly require extra consideration from counsel?