National Bank believed it had been properly authorized to transfer $25

National Bank believed it had been properly authorized to transfer $250,000 to the off-shore account of one of its corporate customers.

The authorization was fraudulent, however, and the transferred funds were stolen. Under which commercial crime coverage insuring agreement would such a loss be covered?
A) Money Orders and Counterfeit Currency
B) Forgery or Alteration
C) Outside the Premises
D) Computer and Funds Transfer Fraud

ANSWER

Answer: D