Funds Transfer Fraud
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Funds Transfer Fraud: How Coverage Responds
Your business accidentally sent money to threat actors, are you covered? We'll explore how Funds Transfer Fraud Coverage responds, plus tips for acquiring the right policy to meet your needs.
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Cyber Trend Watch: 6 Key Takeaways from 2024 Claims Data
The only real constant in cyber risk is change. To help you keep up, we’ve compiled key takeaways from our 2024 Cyber Claims Report: Mid-year Update.
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Common Cyber Tax Fraud Schemes (and How to Help Mitigate Them)
During tax season, businesses tend to unknowingly lower their defenses to attackers — and almost all cyber tax fraud starts with a phishing email.
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Coalition Clawbacks: Putting Stolen Funds Back in Policyholders’ Pockets
When threat actors commit funds transfer fraud, Coalition goes where others can’t to “claw back” stolen funds — recovering an average of $162K per FTF claim.
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How Broker Roles Evolve Alongside Claims Trends
Businesses are getting hit harder and more often with cyber attacks — and they’re increasingly turning to their trusted brokers for guidance.
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Combining Crime and Cyber: Common Claims and Core Coverages
Cybercrimes often fall between two types of insurance policies: crime and cyber. Both can coexist in harmony for the benefit of the policyholder.
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Security Alert: MFA Spamming Attacks Increase Cyber Claims
MFA fatigue, overwhelming users with constant authentication requests, can lead to cyber insurance claims. Learn what mitigations are available.
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How Coalition Recovered $5.5M After Funds Transfer Fraud
After a Coalition policyholder mistakenly wired money to a fraudulent account, our claims team jumped into action and recovered 85% of the initial loss.
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Threat Actors Aren’t Targeting Your Business — You’re Just Making the Cash Grab Easy
Coalition’s Head of Claims explains why funds transfer fraud is now the top attack method, along with other key findings from the 2023 Cyber Claims Report.
