Cyber Extortion definition

Cyber Extortion means a threat made solely and directly against an Insured Organisation by a person or group to:
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Cyber Extortion means a form of cybercrime which occurs when a person uses the internet to demand money or other goods or behaviour from another person by threatening to inflict harm to his person, reputation, or property;
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Cyber Extortion means any threat or connected series of threats communicated to the insured for the purpose of demanding money, securities, or property, including but not limited to threats to release, divulge, disseminate, corrupt, damage or destroy “electronic data” or “electronic media”; introduce malware or “malicious code” into the insured’s “computer system”; electronically communicate with the insured’s customers in order to fraudulently obtain personal information, money, securities or property; or restrict or hinder access to the insured’s “computer system,” “electronic data” or “electronic media,” including but not limited to ransomware.
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Examples of Cyber Extortion in a sentence

  • The size of change for ‘Understanding course material’ with the value (1.94), and ‘Learning course material’ by (1.73) shows that Audio Podcast as Micro Learning tool had greatly helped the students for understanding, learning, and developing the course concepts Fig.

  • The Cyber Extortion sublimit of liability stated in the Declarations is the sublimit of liability payable under Section I.

  • Cyber Extortion, in the event of an "extortion threat" to which this insurance applies, the "insured" shall notify us by calling the phone number for the Cyber Extortion Threat hotline shown in the Declarations immediately upon receipt of any "extortion threat", and shall thereafter also provide written notice by facsimile, email, through our web or mobile app portals, or express mail within five days following the "extortion threat".

  • Data Recovery Costs will not include: (i) the monetary value of profits, royalties, or lost market share related to Data, including but not limited to trade secrets or other proprietary information or any other amount pertaining to the value of Data; (ii) legal costs or legal expenses; (iii) loss arising out of any liability to any third party; or (iv) Cyber Extortion Loss.

  • With respect to Data Compromise Response Expenses, Computer Attack and Cyber Extortion, “coverage territory” means anywhere in the world.

  • With respect to Cyber Extortion, “loss” means “cyber extortion expenses”.

  • The Named Insured must obtain the Underwriters’ consent prior to incurring Cyber Extortion Loss.

  • The Insured shall use its best efforts at all times to ensure that knowledge regarding the existence of the Cyber Extortion Loss Coverage afforded by this Policy is restricted as far as possible.

  • Professional Liability and Cyber Liability including: Technology Errors and Omissions, Telecommunications Errors and Omission, or Multimedia Professional Liability whichever is applicable not less than One Million Dollars ($1,000,000.00), and Network Security Liability, Privacy Liability, Crisis Management, Cyber Extortion, and Media Liability not less than One Million Dollars ($1,000,000.00).

  • You must make every reasonable effort not to divulge the existence of this Cyber Extortion coverage.


More Definitions of Cyber Extortion

Cyber Extortion means a demand that originates from outside the Named Insured entity, made to the Named Insured for money, currency or something else of value in exchange for not carrying out a threat to commit privacy breach. Cyber extortion also means a threat to disseminate, without authorization, data that are non-public and personal information as established by law, or to deny, to impede, to make unavailable or to otherwise disrupt access to such data.
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Cyber Extortion means any direct or indirect attempt to coerce BW or its representatives through online or electronic
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Cyber Extortion means a threat made solely and directly against the Company by a person or group to:
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Cyber Extortion means any direct or indirect attempt to coerce the Company or its representatives through online or electronic means into any form of exchange to prevent a threatened action by the coercing party;
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Related to Cyber Extortion

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