No Coverage Owed For Fraudulent Wire Transfer, 11th Circuit Affirms

Mealey's (September 8, 2022, 10:00 AM EDT) -- ATLANTA — The 11th Circuit U.S. Court of Appeals on Sept. 6 affirmed a lower federal court’s summary judgment ruling in favor of an insurer, finding that there is no coverage owed under a cyber protection insurance policy for the insured’s claim that it was fraudulently induced to wire funds to an incorrect account....