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Producers Careers Specialty Solutions Canada

Social Engineering Fraud is Surging. Your Insurance Assumptions May Be Wrong.

Expertise

January 9, 2026

Social engineering has always been about people. What is different now is the payoff. More attacks aim to move money, not just steal data. One convincing email can redirect a vendor payment, drain a treasury account, or trigger an urgent wire that never should have left the building.

This is not a side issue for Chief Information Security Officers (“CISOs”) and their teams. You are accountable for business resilience. Social engineering fraud is a business loss that often enters through security channels and then lands as a financial event. It can bypass the incident patterns your playbooks are designed to catch. It can also reveal a second issue: teams assume insurance will cover the loss, then discover the coverage picture is more complicated than expected.

Intact Insurance Specialty Solutions is the marketing brand for the insurance company subsidiaries of Intact Insurance Group USA LLC. Coverages may be underwritten by one of the following insurance companies: Atlantic Specialty Insurance Company, a New York insurer; Homeland Insurance Company of New York, a New York insurer; Homeland Insurance Company of Delaware, a Delaware insurer; OBI America Insurance Company, a Pennsylvania insurer; OBI National Insurance Company, a Pennsylvania insurer; or The Guarantee Company of North America USA, a Michigan insurer. Each of these insurers maintains its principal place of business at 605 Highway 169 N, Plymouth, MN 55441, except The Guarantee Company of North America USA, which is located at One Towne Square, Southfield, MI 48076. This material is intended as a general description of certain types of insurance coverages and services. Coverages and availability vary by state; exclusions and deductibles may apply. Please refer to your insurance policy or consult with your independent insurance advisor for information about coverages, terms and conditions. Some coverage may be written by a surplus lines insurer through a licensed surplus lines broker. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds.