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NortonLifeLock Fails in Second Bid to Dismiss Crypto Theft Suit

May 25, 2022, 4:52 PM

NortonLifeLock will still have to face part of a doctor’s suit claiming that the cybersecurity software company may have breached a policy when it refused to cover a fraction of the $12 million in losses he sustained when his cryptocurrency account was looted, a New York federal judge ruled.

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, ...