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The Legal Corner: Employee's Negligence Contributing to a Fraudulent Transfer Did Not Nullify Bank's Insurance Coverage

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The court concluded that the real and overriding cause of the loss was the fraudulent hacking of the bank’s computer system by a criminal third party.

Author: Michael L. Weissman

RMA Journal Article. March 2017 Issue.

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Publication Date: 03/01/2017
Author: Michael L. Weissman
Summary: The court concluded that the real and overriding cause of the loss was the fraudulent hacking of the bank’s computer system by a criminal third party.