Skip to Content

9th Circ. Assesses Insurance for Social Engineering Scams

Carlton Fields Shareholders Robert MacAneney and John C. Pitblado authored the Law360 article, ”9th Circ. Assesses Insurance for Social Engineering Scams.” The article discusses business email compromise (BEC), a type of social engineering fraud in which scammers target employees with access to company finances and trick them into making wire transfers to bank accounts thought to belong to trusted partners — except the money ends up in accounts controlled by the criminals.

Financial institutions look to cover their losses under the “computer fraud” coverage of crime/fidelity/financial institution bonds. According to MacAneney and Pitblado, this has become one of the most hotly litigated cyber coverage issues, and the results are decidedly mixed.

Read the article.


The information on this website is presented as a service for our clients and Internet users and is not intended to be legal advice, nor should you consider it as such. Although we welcome your inquiries, please keep in mind that merely contacting us will not establish an attorney-client relationship between us. Consequently, you should not convey any confidential information to us until a formal attorney-client relationship has been established. Please remember that electronic correspondence on the internet is not secure and that you should not include sensitive or confidential information in messages. With that in mind, we look forward to hearing from you.