Cyber Fraud Coverage for Fiduciaries: Computer Fraud vs. Funds Transfer Fraud
Most registered investment advisors see any potential fraud involving computers as a serious risk to business, but fraud coverage within a cyber liability policy can vary.
Unlike RIAs, insurers don’t think of cyber risks like fraud as one single risk, but as many varied risks. Policy underwriters break out these risks into categories, offering more, less or no coverage depending on a number