“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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3 comments

  • What is the case caption for the decision?

    • Retail Ventures, Inc. v. Nat’l Union Fire Ins. Co. of Pittsburgh, PA, No 2:06cv443, slip op. (S.D. Ohio Mar. 30, 2009)

  • Pingback: Bibeka Shrethsa quotes me in her article, “6th Circ. DSW Ruling Reveals New Data Breach Coverage Path” « Corporate Insurance Blog

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