I am confused whether the definition of computer fraud means that something is physically hidden inside a computer, or maybe a computer bag? The computer is allowed home but not the hidden object. Or does this coverage apply to using a computer to send out information, like emailing your personal email with a computer file that has a monetary value.
Thank you,
Addison Dubay
Hi Addison,
I believe you are referring to the computer fraud coverage in a crime policy.
The crime coverage form insures against theft of money, securities, or property by using a computer to transfer covered property from the insured's premises or bank to another person or place. Under this form no coverage is provided for theft of information or for computer vandalism.
I hope this helps.
Jan
It does help, thank you. So if I understand the computer fraud coverage correctly, an employee would have to physically open a computer (which he is authorized to take home) and physically hide a covered-against-loss item (not authorized to take home) inside the computer and leave with both items?
-Addison
Addison,
The idea behind computer fraud, is that the crime is committed with a computer. This does not require authorization for a computer to be used in someone's home. Computer fraud is likely committed most often in the workplace. An example of this would be funds (money) being stolen through transfer to someone else's account.
Jan