Cyber

Does cyber insurance cover wire transfer fraud and social engineering attacks?

Social engineering fraud, where an employee is tricked into wiring money to a fraudulent account, is one of the most common cyber losses. It is often excluded from base cyber policies and requires a specific social engineering endorsement. Business email compromise, where attackers impersonate a vendor or executive to authorize a fraudulent wire transfer, is the most common variant. We confirm whether social engineering coverage is included or available on every cyber placement.

Have a question we did not answer?

We respond within 1 business day. No obligation.

Free Coverage Review

Have you ever checked if you have roadside?

Does cyber insurance cover wire transfer fraud and social engineering attacks?

Olive Cover