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Expert Analysis

11th Circ. Insurance Ruling Views Cybercrime Realistically

By Patrick Cordova and Caroline Meneau (January 24, 2020, 4:49 PM EST) -- Business email compromise, or BEC, scams, wherein attackers target companies' financial employees and trick them into transferring funds to criminals, is one of the most costly forms of cybercrime. The crime can be highly sophisticated, employing the skills of lawyers, linguists, hackers and social engineers. According to the FBI, BEC scams accounted for over $1.2 billion in losses in 2018 alone....

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