Customer issues Court Proceedings against Bank after Personal Assistant spent USD 3.75 million on Credit Card
August 2023
The Insured, a Middle Eastern bank, reported a potential exposure of c.USD 5 million after unauthorised transactions were made using a high-net-worth customer’s credit card.
DDoS Attack on an e-Commerce Platform
May 2023
This Distributed Denial of Service “DDos” attack affected the eCommerce platform of a retailer of horticultural and garden products.
Customer claim against UAE Bank arising from a lost cheque
January 2023
A customer of a bank in the UAE deposited a cheque for SAR 1,000,000 drawn on a bank in Saudi Arabia.
Fraud at a Lebanese Joint Venture
August 2022
A multinational courier firm. Local laws regarding business ownership meant the Lebanese operation was a joint venture.
Employee Theft of Client Funds – UK Professional Services Practice
March 2022
The Insured's employee stole funds from two bank accounts containing the firm's clients funds.
Dishonesty of Employee and SIM Swap Fraud – Bank in the United Arab Emirates
January 2022
The insured are a large bank in the United Arab Emirates. As much as USD 1.5million was stolen from customer accounts.
UK literary agent hit by ransomware attack
September 2021
The insured, a UK based literary agent, were hit by a ransomware attack in the days following the initial Covid-19 lockdown. As with many SMEs, the insured were still trying to navigate the challenges of working from home, and this made the attack particularly disruptive.
Impropriety by GM – Colombian Subsidiary of Healthcare Provider
May 2021
A European-owned multinational with offices worldwide. The General Manager had founded the business himself and had sold out to the multinational.
Dishonesty of Employee – Hong Kong Branch of a Management Agency
January 2021
A US-owned agency with offices worldwide. The Hong Kong branch was previously independent and had been sold to the international agency in the 2000s.
