Monthly Archives: December 2010

“Computer and Funds Transfer Fraud Endorsements Issues in Data Breach Claims”

Is there insurance coverage for a data breach under a crime policy that has a computer and funds transfer fraud endorsement?  Yes, I explain in my latest article.  In “Computer and Funds Transfer Fraud Endorsements in Data Breach Claims,” published in the January 2011 edition of e-Commerce Law & Strategy, I detail an Ohio federal court decision that held such an endorsement under an AIG crime policy provided coverage for a data breach.

Here is the piece available to the public without a subscription at the e-Commerce Law & Strategy site:

January 2011

Computer and Funds Transfer Fraud Endorsements Issues in Data Breach Claims

By Scott N. Godes

If your e-commerce company were to suffer a data breach, do you know that there is insurance coverage for related costs under some commercial crime-insurance policies? It is so. An Ohio federal court has held that a computer and funds transfer fraud endorsement in an AIG commercial-crime policy provides coverage for a data breach.

Note that the site requires a subscription to view the article.

Update:  A version of the text of the article is available by clicking here.

Disclaimer:

This blog is for informational purposes only. This may be considered attorney advertising in some states. The opinions on this blog do not necessarily reflect those of the author’s law firm and/or the author’s past and/or present clients. By reading it, no attorney-client relationship is formed. If you want legal advice, please retain an attorney licensed in your jurisdiction. The opinions expressed here belong only the individual contributor(s). © All rights reserved. 2011.

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My Chapter on Insurance Coverage for Cybersecurity and Intellectual Property Claims Now Available in the New Appleman Law of Liability Insurance Treatise

Looking for a treatise on insurance coverage?  How about one that has an entire chapter on insurance coverage for cybersecurity and intellectual property claims and risks?

Remember when I wrote that I had written a chapter on insurance coverage for cybersecurity and intellectual property claims for the New Appleman Law of Liability Insurance Treatise?  Of course you do.  And you probably were wondering, “When will I be able to buy that treatise, so that I can have it on my bookshelf and refer to it regularly for all of my questions about insurance coverage for cybersecurity and intellectual property claims?!?”  Well, here’s your answer.  The treatise is available on the Lexis website.  That’s right!  Although you really will want to race right to Chapter 18 – Insurance Coverage for Intellectual Property and Cybersecurity Risks, so that you can read about insurance for data breaches, DDoS attacks, viruses, hackers, cybercrime, and IP losses, you’ll get the whole treatise, too.  It’s a five volume looseleaf set that gets updated with supplements. 

So what are you waiting for?  Click here to order your very own treatise.

Disclaimer:

This blog is for informational purposes only. This may be considered attorney advertising in some states. The opinions on this blog do not necessarily reflect those of the author’s law firm and/or the author’s past and/or present clients. By reading it, no attorney-client relationship is formed. If you want legal advice, please retain an attorney licensed in your jurisdiction. The opinions expressed here belong only the individual contributor(s). © All rights reserved. 2010.

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