Business risk
Social engineering
Also: CEO fraud
Fraud based on deceiving a person to authorise a payment or reveal credentials.
In practice
It is usually covered by a sublimit within the cyber policy, with amounts much lower than the general limit. Almost all policies require a double verification procedure for payment, and checking it is cheaper than extending it.
Where it is addressed
This term is covered in Ciberriesgo y datos and applies when taking out Ciber-riesgo.
