Business Email Compromise (BEC) Results in One of the Biggest Corporate Deception Losses Ever!
In these scams, cyber criminals hijack a CEO’s email account and send fake orders to transfer company funds to a supplier. Of course, the funds end-up in the criminals’ hands.
According to the report in the Terms And Conditions blog of the Insurance Information Institute, the FBI says that BEC has resulted in losses to U.S. companies alone of over $740 million since 2013.
Berkley Crime Can Help You Insure Your Clients Against Corporate Deception Fraud Losses
Make sure your clients have the right coverage and enough coverage for crime losses like BEC!
Contact any one of the Berkley Crime team members below and we’ll help you find the right solution.
Contact Berkley Crime:
National Practice Leader and East Regional Manager
Sean Missal (860) 466-7377
Patricia Logan (212) 497-3708
Matt McNamara (212) 497-3707
Mid-West Regional Manager
Michael Beranek (501) 707-6548
Kyna Love (312) 705-1132
West Regional Manager
Jennifer Maggi (925) 472-8217
Steve Nguyen (925) 472-8233
Experts focused on your protection.
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: http://wrbc.info/Licensing/License.htm