Cyber Risk definition

Cyber Risk means a peril in the electronic information environment by which injuries, damages and other losses ensue. The exact definition of "cyber risk” or similar terms for any line of insurance coverage shall be the definition in the excess insurance or reinsurance policy purchased by the Fund unless superseded by the policy issued by the Fund, and

Cyber Risk means any loss, damage, liability, claim, cost, or expense of any nature directly or indirectly caused by, contributed to by, resulting from, or arising out of or in connection with, any one or more instances of any of the following:

Cyber Risk. 1 means the combination of the probability of cyber incidents occurring and their impact;

Examples of Cyber Risk in a sentence

• Depending on the scope and work to be performed in the proposed agreement, this policy may be required in order for the vendor to be able to meet the minimum insurance requirements.o Required for all construction, security, IT, and healthcare related contracts.• Cyber Risk Insurance: Not less than $2,000,000 per claim to be maintained for the duration of the agreement and three years following its termination.

• Baseline Framework to Reduce Cyber Risk to Critical Infrastructure.

• In addition to the exclusions identified in the latest edition of IBC forms 4042 and 4047, the Owner is not required to provide insurance coverage for Asbestos, Cyber Risk, Mould, or Terrorism.

• Vendor’s Technology Professional Liability Errors & Omissions policy must include Cyber Risk coverage and Computer Security and Privacy Liability coverage with a limit of no less than $2,000,000 per occurrence and $4,000,000 in the aggregate.

• Professional Liability (Errors and Omissions Liability) and Cyber Risk Insurance (including professional oversight liability), covering acts, errors, and omissions arising out of Mark43’s operations or services with minimum limits of $1,000,000 per occurrence, $2,000,000 annual aggregate.

More Definitions of Cyber Risk

Cyber Risk means the risk of:

Cyber Risk means any risks that emanate from the use of electronic data and its transmission, including technology tools such as the internet and telecommunications networks. It includes physical damage that can be caused by cybersecurity incidents, fraud committed by unauthorized use of data, any financial implications arising from data storage, availability, integrity, and confidentiality of electronic information related to individuals, public or private organizations and government authorities;

Cyber Risk means any risk of financial loss, disruption or damage to the reputation of an organization from some sort of failure of its information technology systems [1].“Kaspi Bank” is Kazakhstani retail bank and ranks of third in terms of deposits from individuals, 6th in terms of equity capital among Kazakhstani banks on date of January 2017 [2]. The ecosystem of “Kaspi Bank” accounts for about 20% of the turnover of non-food products in the country on date of July 2017 [2]. According to business weekly rating Kapital.kz “Kaspi Bank” received “The Best Banks of Kazakhstan” award for the most thoughtful strategy during the crisis in 2014 [3], in 2016 - for the most client-oriented service [4]. Also in 2016 the bank became the winner of the IV Kazakhstan Prize "Ak Mergen" in the field of public relations in the nomination "The best project in the field of social communications and charity" [5].According to Digital Kazakhstan -2020 any economic entity has been transforming its activity and business processes. Kaspi Bank develops three unique online services on Kaspi.kz today: "Payments", "My Bank", "Shop". Kaspi.kz allows Kazakhstan citizens to pay bills for various services in one minute without commissions. "Kaspi Shop" shows high growth.Since launch of this service Kazakhstan citizens have bought more than 115 thousand goods. Only in May, 2016 more than 15 thousand purchases have been made. It is for 7 times more than in previous year. The website “Kaspi.kz”experiences the growing popularity at clients. Users of online services especially like payments without the commissions and favorable credit purchases to make quickly and in "Shop". Especially for "Shop" on the website “Kaspi.kz” the cheapest "Credit for purchases" is made [2]. Results of work of these online services are impressive. Kazakhstan citizens have made already more than 33 million payments without the commissions on the website “Kaspi.kz” and have saved more than 3 billion tenges of national currency. All services on the website “Kaspi.kz” is cheaper and more favorable, than usually. The most popular "Credit for purchases" there is in "Shop" on “Kaspi.kz” with an interest rate of 19,95% in comparison with 24, 95% for ordinary credit . “Kaspi Bank” plans to introduce new standardsof online services and new services already are implemented. There are new superconvenient services which are provided via website “Kaspi.kz” and more than 4000 “Kaspi-terminals” through the whole country. Within this year ...

Cyber Risk means any risk of financial loss, disruption or damage to the reputation of the Group from some sort of failure of its information technology systems. Cybersecurity has become a critical issue for the Group. Cyber threats have evolved from being primarily focused on theft of customer personal information to broader threats against intellectual property such as trade secrets, product information, and negotiating strategies.

Cyber Risk means an unauthorized, malicious or criminal act or series of related unauthorized, malicious or criminal acts, regardless of time and place, or the threat or hoax thereof involving access to, processing of, use of or operation of any “computer and/or network system”.

Cyber Risk means any risk of financial loss, disruption or damage to the reputation of

Cyber Risk means the risk of a cyber incident, the extent of which is meas- ured by the product of the probability of occurrence and the extent of the damage potentially caused;