Computer Theft definition

Computer Theft means the loss of or damage to Money or Securities resulting directly from the use of any computer to fraudulently cause a transfer Money or Securities from inside the Premises or Banking Premises:
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Computer Theft wherever used herein means the intentional taking of covered property through the use of any computer to fraudulently cause a transfer of covered property from inside the Premises or Banking Premises to a person (other than a Messenger) outside those Premises or to place outside those Premises.
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Examples of Computer Theft in a sentence

  • The Company shall be liable for direct losses caused by the actual destruction, disappearance, wrongful abstraction or Computer Theft of Money or Securities within or from the Premises, Banking Premises or night depository chute or safe maintained by any bank or trust company.

  • The ,policy shall provide .Employee Theft, Premises, Transit, Depositor's Forgery and Computer Theft and Funds Transfer coverages.

  • When used in this policy: Computer Theft means the intentional taking of Money or Securities through use of a computer located at the Insured's Premises or elsewhere.

  • USERS who are in material breach of this AGREEMENT and/or who deny any of LORAS’ ownership rights to the EQUIPMENT will be prosecuted for Second Degree Computer Theft, a felony.

Related to Computer Theft

  • Computer Virus means any computer instruction, information, data or programme that destroys, damages, degrades or adversely affects the performance of a computer resource or attaches itself to another computer resource and operates when a programme, data or instruction is executed or some other event takes place in that computer resource;

  • Computer means an electronic device that accepts information in digital or similar form and manipulates it for a result based on a sequence of instructions.