Ransomware - Close up of Your Files Are Encrypted on the Screen (Shutterstock) Two recent cases highlight issues that every New York business should consider in evaluating coverage under crime policies for cybercrime and cyber risks. (Photo: Shutterstock)

In an all too familiar scenario — a business email compromise scheme — a malicious actor poses as a top-level executive and directs an employee via email to wire money. The alleged purpose of the wire could be to pay a vendor or to consummate an important deal. Deceived by the imposter, the employee complies and wires the money as requested. Soon thereafter, the funds disappear, and the business is left bereft of funds and scrambling for solutions.

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