Examples of Extortion in a sentence
The Named Insured must obtain the Underwriters’ consent prior to incurring Cyber Extortion Loss.
Extortion occurs when threats are made with the intent to obtain money or something of value.
ID Theft and Extortion Insurance, with limits of at least $2 million per occurrence and in the aggregate.
Extortion may include threats of harm to a person or his/her property, threats to accuse him/her of a crime/illegal act, or threats to reveal embarrassing information.
With respect to Cyber Extortion Loss, the Named Insured must notify the Underwriters via the email address listed in the Notice of Claim, Loss or Circumstance in the Declarations as soon as practicable after discovery of an Extortion Threat but no later than 60 days after the end of the Policy Period.