Scott Godes quoted in Law360 Article “Policyholders Get Digital Fraud Coverage Boost at 8th Circ.”

Scott Godes, partner and co-chair of the firm’s Data Security and Privacy Practice Group, was recently quoted in “ Policyholders Get Digital Fraud Coverage Boost at 8th Circ.,” published by Law360. On May 20, the Eighth Circuit found that a bank employee’s failure to secure a computer network does not nix insurance coverage for a fraudulent transfer loss caused by a hacker, which in turn bolsters policyholders seeking coverage for digital fraud by blaming the hacker despite the employee’s negligence. Scott is quoted numerous times in the article, including one note stating “A key point in the decision was the court's finding that even if employees were negligent, that doesn't convert a direct loss into an indirect loss. That holding should help policyholders secure coverage for computer and funds transfer fraud losses around the country."

• RELATED TOPICS
• Insurance Coverage
• Data Security
• Digital Fraud