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NortonLifeLock Cryptocurrency Theft Coverage Claims Advance

Feb. 4, 2022, 6:15 PM

A doctor’s lawsuit against NortonLifeLock survived complete dismissal from a federal judge, with the judge ruling that the cybersecurity software company may have breached a policy when it refused to cover a fraction of the $12 million in losses the doctor sustained when his cryptocurrency account was looted.

Ephraim Atwal set up a NortonLifeLock account in July 2018, under a policy that agreed to pay up to $1 million for remediation, stolen funds reimbursement, personal expenses, and coverage for lawyers and experts. A month later, Atwal’s credentials were stolen and his cryptocurrency account was looted, but NortonLifeLock denied coverage, claiming ...