Risks
- Losses sustained by the insured as a result of an unauthorized access to the bank computer system, in the event that the insured transferred, paid or placed any funds or property, set up an open account, paid a bill or made any other payment
- Losses sustained by the insured as a result of the impact of computer instruction statements, in the event that the insured transferred, paid or placed any funds or property, set up an open account, paid a bill or made any other payment, as a result of any fraudulent or modified computer instructions installed in the computer system of the insured, provided that such installation was performed by a third party having an intention to cause damage to the insured or to obtain a financial gain for himself/herself or any other person
- Losses sustained by the insured as a result of the damage caused to the electronic data and media
- Losses sustained by the insured as a result of impact of computer viruses
- Losses sustained by the insured as a result of operations performed through electronic communication, in the event that the insured transferred, paid or placed any funds or property, set up an open account, paid a bill or made any other payment
- Losses sustained by the insured through using electronic media-located securities from the depository, in the event that the depository transferred, paid or placed any funds or property, or debited any account of the insured
- Losses sustained by the insured as a result of money transfer following fake fax messages, in the event that the insured transferred, paid or placed any funds or property, set up an open account, debited any account or made any other payment based on the fake order or the order with a forged signature, which was purportedly sent to the insured by its client, affiliate or any other financial institution
Among its clients AIG has some of the largest Russian banks and other financial institutions.