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Coalition saves policyholder $150,000 in a social engineering claim
What happened
A law firm lost $200,000 to an online impersonator acting as the company’s CFO. This type of cybersecurity breach is one of the most common.
How we helped
We got in touch with law enforcement and financial institutions right away to recover $150,000 within 24 hours. The remaining $50,000 was reimbursed through an insurance policy the law firm had in place with Coalition.
“I wish I didn’t know how awesome it is to work with Coalition. I don’t know what I would have done without you. On behalf of the entire company, I really appreciate it.”
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*Insurance products may be underwritten by North American Capacity Insurance Company, Swiss Re Corporate Solutions America Insurance Corporation, or an affiliated company, which are members of Swiss Re Corporate Solutions.