A Hacker’s Scheme is “Forthright;” Thus, No Computer Fraud Coverage for Ransomware Attacks

From the good-to-know dept., Timothy A. Carroll and Joshua A. Mooney of White and Williams LLP write:

A computer hacker may engage in malicious and criminal conduct, but that doesn’t mean that the conduct is “fraudulent.” In G&G Oil Company v. Continental Western Ins. Co., 2020 Ind. App. LEXIS 126 (Ind. Ct. App. Mr. 31, 2020), the Court of Appeals of Indiana addressed the launch of a ransomware attack on an insured and whether the resulting loss fits within computer fraud coverage. (Hint: it doesn’t.)

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h/t, JDSupra.