Call Us Today For A Free Quote | 866.940.1101
Professionals Insuring Professionals

Here is another twist on Phishing e-mails that are costing many firms thousands if not millions of dollars.  According to law enforcement this is a common story involving business email compromise (BEC) or CEO fraud.  While the boss is away the e-mail comes in marked “urgent”, “payment”, and “request”.  The accountant, bookkeeper or CFO then sends monies per the e-mail instructions to parts unknown.

To read more about the CEO fraud and how this business lost £150,000 while the boss was in the Greek Islands click on this BBC Article.

As to providing insurance coverage for this scam, it is important that the firm has a properly endorsed Cyber Liability and/or Crime Policy to cover this exposure.

Posted 1:38 PM

Share |

No Comments

Post a Comment
Required (Not Displayed)

All comments are moderated and stripped of HTML.
Submission Validation
Change the CAPTCHA codeSpeak the CAPTCHA code
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2013
  • 2011

View Mobile Version
Quick Contact
We love referrals! And thank you even more for your continued business.
Customer Service
Self policy service any time of the day, directly from our website.
Join Our Newsletter
Stay in touch with the latest events, news and offers we have.
From Our Blog From Our Customers
Read More Read More
Facebook Twitter LinkedIn Google Maps
Stay In Touch With Us Helpful Site Links Contact Us
Sign up now to receive new and updates 5075 Cascade Rd. SE, Ste. E
Grand Rapids, MI 49546

Local: 616.940.1101
Toll Free: 866.940.1101
We have the expertise to find you the right coverage at the right price 
Powered by Insurance Website Builder