Cyber Fraud definition

Cyber Fraud means an intentional, unauthorised and fraudulent electronic instruction by a Third Party purporting to be an Employee, Director or Officer of the Insured whom without their knowledge or consent initiates an instruction to debit, pay, deliver or transfer money or securities that results in a Direct Financial Loss to the Insured.
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Examples of Cyber Fraud in a sentence

  • Improper financial gain does not include salaries, wages, fees, commissions, awards, bonuses, superannuation or other employee remuneration or benefits.In relation to Cyber Fraud or Social Engineering Fraud, it is a condition that the Insured is able to demonstrate to Keystone that any instructions received by the Insured were Tested prior to being actioned.

  • Cyber Fraud and Financial CrimesThe FDIC has undertaken a number of initiatives in 2018 to protect the banking industry fromcriminal financial activities.

  • The Monitor shall provide the report to the Board of Directors of the Company and contemporaneously transmit a copy to the Chief of the Securities, Financial & Cyber Fraud Unit; United States Attorney’s Office for the District of Massachusetts; Xxxx Xxxxxx Xxxxxxx United States Courthouse; 0 Xxxxxxxxxx Xxx, Xxxxx 0000; Xxxxxx, Xxxxxxxxxxxxx 00000.

  • The Citizen Financial Cyber Fraud Reporting and Management System, under I4C, has been launched for immediate reporting of financial frauds and to stop siphoning off funds by the fraudsters.

  • Our Cyber Fraud Fact Sheet and Real Estate Fraud Fact Sheet, available at practicepro.ca/fraud, are a good reminder on key ways to identify possible dangerous situations.

  • The course contents were on Cyber Fraud & Crime, IPC & CrPC, Money Laundering Act, Service Tax and G S T.In the coming years, our vision is to organise more number of need-based In-Service, Skill Development & Computer Trainings down to the grass root level in addition to the Induction Level Trainings of CTOs & ACTOs. More Sessions on Management and Behavioral Topics, Adoption and Implementation of newer techniques of training like Case Study, Group Discussions, Workshop, and Interactive Sessions etc.

  • With respect to Insuring Agreement 2.1 (Cyber Fraud), you must report to the police as well as the issuers of your plastic card (where applicable) and/or the financial institution where your personal account is held (where applicable) or the online merchant holding your digital wallet (where applicable) as soon as practicable but no later than twenty four(24) hours after your discovery of a cyber event.

  • If the answer is NO to any of the following questions, Optional Extension 4.2 Social Engineering and Cyber Fraud Cover will not be available.

  • The views, opinions, and/or findings contained in this report are those of the authors and should not be interpreted as representing the official views or policies of Citi or American University.Key Words Cyber, Fraud, Intelligence, Indicators, Insider Threat, SWIFT, Information SharingAbstract Cyber actors are operating under a shared services model giving them access to infrastructure, tools, targets and the ability to monetize their exploits.

  • R., Palaniappan, S.: Cyber Fraud Prevention in Omni-Channel Banking with Sophisticated Authentication Techniques.

Related to Cyber Fraud

  • Computer Fraud means the unauthorized entry of data into, or the deletion or destruction of data in, or change of data elements or programs within, a Covered Computer System which:

  • Fraud means any offence under Laws creating offences in respect of fraudulent acts or at common law in respect of fraudulent acts in relation to the Contract or defrauding or attempting to defraud or conspiring to defraud the Crown.

  • Buyer Entities means, collectively, Buyer and all Buyer Subsidiaries.

  • Actual Fraud means, with respect to a party to this Agreement, an actual and intentional fraud with respect to the making of the representations and warranties pursuant to Article IV or Article V (as applicable), provided, that such actual and intentional fraud of such Person shall only be deemed to exist if any of the individuals included on Section 1.3 of the Company Disclosure Letter (in the case of the Company) or Section 1.3 of the Acquiror Disclosure Letter (in the case of Acquiror) had actual knowledge (as opposed to imputed or constructive knowledge) that the representations and warranties made by such Person pursuant to, in the case of the Company, Article IV as qualified by the Company Disclosure Letter, or, in the case of Acquiror, Article V as qualified by the Acquiror Disclosure Letter, were actually breached when made, with the express intention that the other party to this Agreement rely thereon to its detriment.

  • Customer Group means Customer and any of its Affiliates;

  • Seller Entities means, collectively, Seller and all Seller Subsidiaries.

  • Seller Damages shall have the meaning given to such term in Section 14.3.

  • Buyer Group has the meaning set forth in Section 15.1.

  • Company Ancillary Agreements means, collectively, each certificate to be delivered on behalf of the Company by an officer or officers of the Company at the Closing pursuant to Article VII and each agreement or document (other than this Agreement) that the Company is to enter into as a party thereto pursuant to this Agreement.

  • Company Entities means the Company and its Subsidiaries.

  • Contributors has the meaning set forth in the initial paragraph hereof.

  • Buyer Parties means Buyer, its Affiliates, their members, officers, directors, employees, agents, representatives, successors, and assigns.

  • Economic damages means objectively verifiable monetary losses, including medical expenses, loss of earnings, burial costs, loss of use of property, cost of replacement or repair, cost of obtaining substitute domestic services, loss of employment, and loss of business or employment opportunities.

  • Judicial Branch Entities means any California superior or appellate court, the Judicial Council of California, and the Habeas Corpus Resource Center.

  • Selling Parties shall have the meaning specified in the preamble.

  • Customer Affiliate means an entity that owns or controls, is owned or controlled by or is or under common control or ownership with Customer, where control is defined as the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of an entity, whether through ownership of voting securities, by contract or otherwise;

  • Misappropriation means that the Employee (i) uses Confidential Information (as defined below) for the benefit of anyone other than the Employers or an Affiliate, as the case may be, or discloses the Confidential Information to anyone not authorized by the Employers or an Affiliate, as the case may be, to receive such information; (ii) upon termination of employment, makes any summaries of, takes any notes with respect to or memorizes any Confidential Information or takes any Confidential Information or reproductions thereof from the facilities of the Employers or an Affiliate or (iii) upon termination of employment or upon the request of the Employers or an Affiliate, fails to return all Confidential Information then in the Employee’s possession. For the avoidance of doubt, “Misappropriation” does not include disclosure of Confidential Information to a governmental regulatory agency, such as the U.S. Securities and Exchange Commission, provided that the Employee informs the agency that the Employers and/or Affiliates deem the information to be confidential. “Confidential Information” shall mean any confidential and proprietary drawings, reports, sales and training manuals, customer lists, computer programs and other material embodying trade secrets or confidential technical, business, or financial information of the Employers or an Affiliate.

  • Purchaser Parties means, collectively, the Purchasers and any of their respective former, current or future directors, officers, employees, agents, general or limited partners, managers, members, stockholders, Affiliates or assignees or any former, current or future director, officer, employee, agent, general or limited partner, manager, member, stockholder, Affiliate or assignee of any of the foregoing.

  • Seller Parties has the meaning set forth in the preamble to this Agreement.

  • Buyer Group Member means (a) Buyer and its Affiliates, (b) directors, officers and employees of Buyer and its Affiliates and (c) the successors and assigns of the foregoing.

  • Product Liability means any liability, claim or expense, including but not limited to attorneys’ fees and medical expenses, arising in whole or in part out of a breach of any express or implied product warranty by the Company, strict liability in tort, negligent manufacture of product, negligent provision of services, product recall, or any other allegation of liability arising from the design, testing, manufacture, packaging, labeling (including instructions for use), or sale of products.

  • Buyer Ancillary Agreements means all agreements, instruments and documents being or to be executed and delivered by Buyer or an Affiliate of Buyer under this Agreement or in connection herewith, including the Escrow Agreement.

  • Special Damages shall have the meaning as set forth in Section 5.07.

  • Product Liabilities means any Liability arising out of, relating to or resulting from actual or alleged harm, injury, damage or death to persons in connection with the use of any product (including in any clinical trial or study);

  • Buyer Indemnified Persons has the meaning set forth in Section 8.2.

  • Seller Released Parties has the meaning ascribed to such term in Section 5.6(a).