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ARTICLE · 08 JANUARY 2019

When Cyber Fraud Strikes: Delineating Coverage If Employees Are Duped

The growth and sophistication of modern fraud and cyber security attacks has necessitated adaptable countermeasures by for-profit and non-profit organizations alike.

CanadaCriminal Law

The growth and sophistication of modern fraud and cyber security attacks has necessitated adaptable countermeasures by for-profit and non-profit organizations alike.

Of these countermeasures, the emergence of niche cyber crime/fraud insurance (e.g. cyber liability insurance) has given credence to the ethos that such attacks are not a matter of "if" but "when". 1 One of the benefits of these forms of insurance is anticipating the pernicious reality of the causes of cyberattacks: vulnerabilities may arise from factors internal to an organization, as much as threats external to it. However, such policies similar to all insurance policies are not without their limits.

The Brick Warehouse LP v Chubb Insurance Company of Canada, 2017 ABQB 413

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