Ernst & Haas Mgmt. Co. v. Hiscox, Inc., No. 20-56212, 2022 U.S. App. LEXIS 2372 (9th Cir. Jan. 26, 2022)
Tricked by a hacker's sending emails purportedly from her boss, Ernst's accounts payable clerk wire transferred $200,000 to banks from which the money was swiftly withdrawn. Ernst sued its insurer to recoup its losses. This decision holds that the loss fell within the computer fraud coverage of loss “resulting directly from the use of any computer to fraudulently cause a… Read More