ELECTRONIC AND COMPUTER SCAM INSURANCE

Insurance against Electronic and Computer fraud was developed for financial institutions due to the increasing specific risks and financial losses for their business, by constantly improving and complicating technologies. The insurance covers costs resulting from unauthorized access by third parties to the computer system of the financial institution, in which the insured has transferred funds, paid or opened an account, unlawful and fraudulent actions by third parties in sending electronic communication, in which the insured has carried out a transfer or payment of funds and has suffered financial losses, unlawful changes, theft and destruction of electronic data by third parties for the purpose of benefit.