Extortion Costs definition

Extortion Costs means those costs required to deal with, contain, mitigate and/or pay a ▇▇▇▇▇▇ demand by a third party who threatens to:
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Extortion Costs means expenses and ransom money (including cryptocurrency and interest on any loan necessary to pay a ransom or reward money to any informant) to negotiate or transmit payment for an Extortion Event.
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Examples of Extortion Costs in a sentence

  • The Insurer will reimburse, or pay on behalf of, the Insured for Cyber Extortion Costs, resulting from a Cyber Extortion Threat that is Discovered during the Policy Period.

  • Such Retentions shall be satisfied by monetary payments by the Named Insured of the Breach Response Costs, Cyber Extortion Costs, Data Recovery Costs, Business Interruption Loss, and Dependent Business Interruption Loss.

  • If any Cyber Extortion Costs is paid by or on behalf of the Organization in digital currency, payment by the Underwriter under this Coverage Section shall be made in United States Dollars equal to the US Dollar-value of the digital currency at the time such payment is made (that is, at the time that such digital currency is first recorded in a public ledger of transactions for such digital currency).

  • Cover - Business Interruption, Recall Costs, Rehabilitation Expense, Consultants, Extortion Costs, Restoration or Replacement of Product.

  • All Loss, including Claims Expenses, Privacy Infringement Response Expenses, and Extortion Costs, shall be part of and not in addition to the applicable Each Claim and Aggregate Limits of Liability shown in Item 3 of the Declarations and the Policy Aggregate Limit of Liability shown in Item 4 of the Declarations, and shall reduce such Limits of Liability.

  • If Cyber Extortion Incident coverage is purchased as indicated at Item 3 of the Declarations, the Insurer will indemnify the Company for Extortion Costs incurred by such Company resulting from any Claim first made against the Insureds during the Policy Period for any Wrongful Acts taking place on or after the Retroactive Date and before the end of the Policy Period, provided all such Claims are reported to the Insurer pursuant to Section VI, NOTICE, below.