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:
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.
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