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Olenka [21]
3 years ago
9

ABC Credit Union has a Commercial Crime policy that includes Computer Fraud coverage. After an employee was tricked into making

an unauthorized wire transfer on the basis of fraudulent, emailed instructions, why would the insurer deny the claim?
Business
1 answer:
Alexeev081 [22]3 years ago
4 0

Answer:

The insurer will deny because the fraud is not computer fraud but funds transfer fraud.

Explanation:

This loss is under Funds Transfer Fraud, not Computer Fraud.

When a computer is the direct means used for the crime, it is a Computer fraud. Fund transfer fraud coverage is when an instruction or series of instructions was what made the fraudulent transfer to occur, the means by which the instructions were given are not considered.

The crime was not in the use of a computer to make the transfer. It was in the instructions that caused an employee to make the transfer, making it a funds transfer fraud loss, not a computer fraud loss.

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Answer and Explanation:

The following are the examples:

1. Effect on the big deficit or the public debt crisis: It involves the present eurozone crisis, in this the rate of interest and the exchange rate would be effected

2. The monetary system i.e. international would be under scrutiny. As if there is an increase in the renminbi of chinese so the outlook of the would be varied on the currencies i.e. reserved, currency exchange, etc

3. Many of the countries would continue the balance of payment that represent the country would import more goods, services as compared with the exports that would become dangereous

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2 years ago
When cash outflows temporarily exceed cash inflows, banks are most likely to experience:
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C. a negative duration on it's assets.
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3 years ago
A judge requires Harry to make a payment to Sally. The judge says that Harry can pay her either $10,000 today or $12,000 two yea
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Answer:

d. 9 percent

Explanation:

After 2 years the value of $10,000 at present time =

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7 0
3 years ago
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<u>Answer:</u>

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Implying they seek shelter under this laws that benefit them the most.

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3 years ago
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2 years ago
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