Social Engineering Fraud definition
Examples of Social Engineering Fraud in a sentence
The Insurer will pay the Insured Entity for its direct loss of Money or Securities, directly caused by Social Engineering Fraud that is Discovered during the Policy Period.
Any crime insurance policy shall contain a Social Engineering Fraud Endorsement with a limit of not less than two hundred and fifty thousand dollars ($250,000).
Any Cyber Breach Event, Cyber-extortion Threat or Ransomware, System Failure, Dependent Business Interruption, Dependent System Failure, Social Engineering Fraud, Funds Transfer Fraud, Utility Fraud or Invoice Manipulation.
Social Engineering Fraud does not include fraudulent instructions received by the Insured which are not first authenticated via a method other than the original means of request to verify the authenticity or validity of the request.
The Underwriter shall pay the Insured for direct loss sustained by an Insured resulting from an Insured having transferred, paid or delivered any Money or Securities as the direct result of Social Engineering Fraud committed by a person purporting to be a Vendor, Client or Employee who was authorized by the Insured to instruct other Employees to transfer Money or Securities.