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Social Engineering / Funds Transfer Insurance - Let us find your best coverage - protection from wire fraud and fake invoices
Business email compromise and fake vendor invoices trick employees into wiring money to criminals, and standard crime policies often exclude it. Carriers look at your call-back procedures. Send us a few details and we will shop 50+ carriers for your best rate – no cost, no obligation. Prefer to talk? Call 800-616-3490.
Social Engineering / Funds Transfer Quote Request
Applicant Information:
Have these handy
- Wire and ACH approval procedures
- Monthly volume of outgoing wires
- Email security (MFA) details
- Prior fraud attempts
Related coverage
Coverage details
What Social Engineering / Funds Transfer coverage includes
Business email compromise and fake vendor invoices trick employees into wiring money to criminals, and standard crime policies often exclude it.
- Social engineering fraud - Money sent because of a fake request from a vendor or executive.
- Funds transfer fraud - Unauthorized transfers made from your bank account.
- Invoice manipulation - Customers paying a fraudster using your altered invoice.
- Telephone fraud - Hacked phone systems running up charges.
- Computer fraud - Theft from computer intrusion into your systems.
Good to know: carriers usually want a documented call-back to a known number before changing any bank details – with that in place, sublimits of $250,000 or more are often available.
Not covered: losses when your verification procedure was not followed on some forms, lost interest, and investment losses.
Insurance Application:
Social Engineering / Funds Transfer
Required forms
Social Engineering / Funds Transfer Supplemental Application (PDF)
Download, complete and email to info@societiesinsurance.com, or attach it with your quote request.
Contact details
Prefer to talk?
- Toll-Free: 800-616-3490
- East Coast: 706-550-4418
- West Coast: 206-755-0101
- info@societiesinsurance.com
- Mon-Fri 8:00am - 6:00pm, Sat 9:00am - 12:00pm