Employee Dishonesty and Computer Fraud
The State maintains a blanket crime policy covering Employee Dishonesty and Computer Fraud. This policy covers all state agencies and universities* and pays for loss of, and from damage to, covered property (money, securities, and property other than money and securities). Sometimes this policy is referred to as the Master Honesty Bond.
Employee Dishonesty are dishonest acts committed by employees with the manifest intent to cause the State to sustain loss and also to obtain financial benefit for the employee or any person or organization intended by the employee to receive a benefit. Covered property for employee dishonesty coverage must be under the direct control of the State agency.
Computer Fraud is the theft of property following and directly related to the use of any computer to fraudulently cause a transfer of that property from inside the premises or banking premises to a person (other than a messenger) outside those premises or to a place outside those premises.
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