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This cover applies when criminals intercept or alter invoices so clients pay into the wrong account. For instance, if a tradie sends an invoice that is later hacked and the bank details changed, this insurance pays the lost amount. Linked term: see Funds Transfer Fraud Cover. Why it matters: It addresses one of the fastest-growing cybercrimes affecting small businesses.
This cover applies when criminals intercept or alter invoices so clients pay into the wrong account. For instance, if a tradie sends an invoice that is later hacked and the bank details changed, this insurance pays the lost amount. Linked term: see Funds Transfer Fraud Cover. Why it matters: It addresses one of the fastest-growing cybercrimes affecting small businesses.
We are digitising commercial insurance and risk management for small, mid-market and technology businesses. We work with a global network of underwriters, challenging legacy brokers and delivering market leading coverage to our customers.