The New York Post reported recently that Bonnier Publications was bilked out of $3M by suspected Chinese hackers who commandeered an exec’s email and instructed other employees to transfer funds to a Chinese bank.
Luckily, the company was able to catch on in time to retrieve half the funds before the transfer was completed. Most importantly, the company hopes to recover some of the lost funds because they have insurance. Get the full story here.
Make sure your clients are covered for a loss like this!
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Sean Missal (860) 466-7377
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Patricia Logan (212) 497-3708
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Matt McNamara (212) 497-3707
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Michael Beranek (501) 707-6548
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Amanda VanCauwenberge
(312) 730-1101
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Kyna Love (312) 705-1132
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Jennifer Maggi (925) 472-8217
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Steve Nguyen (925) 472-8233
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www.berkleycrime.com
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Products and services are provided by one or more insurance company subsidiaries of W. R. Berkley Corporation. Not all products and services are available in every jurisdiction, and the precise coverage afforded by any insurer is subject to the actual terms and conditions of the policies as issued. Certain coverages may be provided through surplus lines insurance company subsidiaries of W. R. Berkley Corporation through licensed surplus lines brokers. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds.
For additional information concerning W.R. Berkley Corporation’s insurance company subsidiaries, please visit: https://wrbc.info/Licensing/License.htm