"Internet crimes pose one of the greatest challenges in crime fighting history as federal, state and local law enforcement try to keep pace with fraudsters looking to outsmart today’s cyber security measures."

- WIVB

________________________________________________________________

by Stew Nelson

INTRODUCTION:

I have been in insurance long enough to understand that just when you think you have it all figured out….you should look around for the 2X4 that is certainly traveling toward your forehead!   I experienced this feeling last week when I was asked by a colleague if “social engineering attacks,” aka Phishing attacks that dupe unwitting employees to voluntarily transfer money or property to phony bank accounts would be covered under the Computer Fraud or Wire Fraud provisions of a standard Crime policy and or Cyber Liability policy.