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Court Finds Firm Was Insured For Loss From Email Spoof Scam
- National Law Review, Monday, July 24, 2017 9:56 PM
A federal court found that a company was insured for a$4.8 million wire transfer the firm had made in response to spoofing emails. The insurer had argued the firm wasn’t covered for it. “The thief sent emails to the insured’s finance department – and, in those emails, embedded a computer code which caused Gmail to populate the ‘spoofed’ email with the insured company president’s name and picture,” The National Law Review writes.
