Update on Wire Fraud Liability & Cyber Insurance
Wire Fraud is something we are seeing more and more. It’s becoming a big issue, especially with all the business email compromise (BEC) scams going around. A lot of businesses don’t realize that if they fall victim to one of these scams, the liability isn’t always black and white. Sometimes, it gets split between multiple parties, depending on who had the best chance to prevent the fraud in the first place.