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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Item Details
Publication Date: | 03/01/2017 |
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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. |