Extortion payment definition
Extortion payment means cash, marketable goods or services demanded to prevent or terminate an "extortion threat".
Extortion payment means cash, “digital currency”, marketable goods or services demanded to prevent or terminate an “extortion threat”. If an “extortion payment” is made by or on behalf of the “insured organization” in “digital currency”, payment by us shall be made in United States Dollars equal to the US Dollar-value of the “digital currency” at the time the “extortion payment” is made. For purposes of this paragraph, an “extortion payment” using “digital currency” shall be considered “made” at the time that such “digital currency” is first recorded in a public ledger of transactions for such “digital currency”.
Extortion payment means any monies (including crypto or virtual currencies) or property paid by you, to a third party, who you reasonably believe to be responsible for a cyber extortion threat, with the purpose of resolving or terminating such threat.
More Definitions of Extortion payment
Extortion payment means any monies or property paid by You or by an authorised external expert, to a Third Party, who You reasonably believe to be responsible for a Cyber Extortion Threat, with the purpose of resolving or terminating the Cyber Extortion Threat.