When an employee illegally transfers money from their employer's computer, which type of crime form is needed for coverage?

The situation described involves an employee misappropriating funds from their employer’s computer system, which is a direct violation of their employment and is typically classified as employee theft. This term specifically refers to acts where an employee unlawfully takes property or money belonging to the employer for personal gain.

Choosing employee theft signifies an understanding that this crime is committed from within the organization, exploiting the position of trust the employee holds. Insurance policies designed to cover employee theft protect businesses from losses due to dishonest acts by their employees, ensuring that the organization can recover some of the financial damage caused by such misconduct.

In contrast, identity theft relates to the unauthorized use of someone else's personal information, which does not apply here since the crime is not focused on stealing another person’s identity but rather the company’s funds. Cybercrime is a broader category that encompasses various illegal activities carried out via the internet or with computers, but it lacks the specificity of addressing the nature of the employee's actions in this case. Account takeover generally refers to a scenario where someone gains unauthorized access to another individual's active accounts, typically for financial gain; however, this does not align with the context of an employee stealing directly from the employer’s system.

In summary, selecting employee theft aligns directly with the specifics of