11th Circuit: No Coverage For Debit Card Scam Under Computer Fraud Policy

Mealey's (May 11, 2018, 12:30 PM EDT) -- ATLANTA — Concluding that a debit card firm’s loss due to fraud did not result directly from computer fraud, even though computers were used by the fraudsters, an 11th Circuit U.S. Court of Appeals panel on May 10 ruled that there was no coverage for the firm’s resulting loss under its computer fraud insurance policy (HI Technology Corp., et al. v. Great American Insurance Co., No. 17-11712, 11th Cir.)....