Insurers Not Obligated to Pay $6 Million Phishing Loss

Hackers using laptop computers to penetrate security systems to steal big data from the server room

A federal district court in Dallas has ruled that American International Group Inc. and Beazley PLC units are not obligated to compensate a property management software company for money lost in a phishing scheme because it never technically held the funds that were stolen. The U.S. District Court in Dallas ruled the funds were held… Continue reading Insurers Not Obligated to Pay $6 Million Phishing Loss