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Wire-Transfer Scams: Is there Insurance Against Them?

Monday, October 16, 2017 12:30 PM to 1:30 PM
Boston Bar Association - 16 Beacon Street, Boston, MA


Description:

The everyday business of moving money by wire-transfer has become fraught with danger. An email arrives from the company president, or a vendor, client, or colleague, instructing where the money for a transaction is to be wired. But the email is fake, part of a sophisticated scam involving eavesdropping and manipulation of messages. If money is mistakenly wired to the scammer, will there be insurance coverage? Is this a kind of computer fraud? A kind of theft? Forgery? Professional malpractice?

The panelists will provide an overview of recent decisions from around the country in cases where businesses who have encountered these “attacks” seek coverage under various kinds of insurance policies. The panel will highlight the key differences in policy language, and variations in facts, that can make the difference, for insurer and policyholder, between winning and losing.

Registration Categories:
BBA Member – Free. Included as part of your membership.
Non-Member - $100.00

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Refunds & Cancellations:
Please note that refunds will only be allowed for cancellation notices received at least 24 hours before the program


 

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Sponsoring Section/Committee(s):

Speakers:

 

Contact:

Carolyn Barrett
cbarrett@bostonbar.org

 

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