Cyber Extortion. The Insurer will reimburse the Insured Company for cyber-extortion expenses that the Insured Company incurs directly resulting from and in response to a cyber-extortion threat.
Cyber Extortion. To indemnify the Named Insured for Cyber Extortion Loss, in excess of the Retention, incurred by the Insured Organization as a direct result of an Extortion Threat first made against the Insured Organization during the Policy Period.
Cyber Extortion. This exclusion applies even if damages are claimed for notification costs, credit monitoring and repair expenses, forensic expenses, public relation expenses or any other loss, damage or expense incurred arising out of any access to or disclosure of any person’s or organization’s confidential, intellectual, proprietary, or personal information and data.
Cyber Extortion. We shall indemnify you, to the extent insurable, for extortion payment arising directly from a cyber extortion threat that is first made against you in your personal capacity, during the policy period.
Cyber Extortion. To indemnify the Named Insured for: Cyber Extortion Loss, in excess of the Retention, incurred by the Insured Organization as a direct result of an Extortion Threat first made against the Insured Organization during the Policy Period by a person, other than the Insured Organization’s directors, officers, principals, trustees, governors, Managers, members, management committee members, members of the management board, partners, or any person in collusion with any of the foregoing. Coverage under this Insuring Agreement is subject to the applicable conditions and reporting requirements, including those set forth in Clause X., paragraph FPC-C, OBLIGATIONS IN THE EVENT OF AN EXTORTION THREAT.
Cyber Extortion. Expenses means
1. Reasonable and necessary money, digital currency, property or other consideration surrendered as payment by or on behalf of you to which we have consented, such consent not to be unreasonably withheld, in order to prevent, limit or respond to a cyber-extortion threat, and
2. Reasonable and necessary costs charged by:
a. breach response providers ; or
b. qualified third parties with our prior consent, to conduct an investigation to advise you how to respond to and resolve a cyber-extortion threat.
Cyber Extortion. Threat means
1. A threat made by a third party or rogue employee demanding payment in consideration for the elimination, mitigation or removal of the threat intended to:
a. disrupt the network to impair your business operations;
b. alter, damage, or destroy data stored on the network;
c. use the network to generate and transmit malware to third parties;
d. deface your website; and
e. access or release data, including personally identifiable information, protected health information; confidential business information stored or previously stored on the network;
f. Refuse to return data stolen from the network; or
g. Prevent access to the network or data by using encryption and withholding the decryption key.
Cyber Extortion. Xxxxxx or investigative expenses associated with a threat directed at you to release, divulge, disseminate, destroy, steal, or use the confidential information taken from the insured, introduce malicious code into your computer system; corrupt, damage, or destroy your computer system, or restrict or hinder access to your computer system. Insurance carrier(s) must have an AM Best Rating of “A , VII” or better. Must include Sexual Abuse & Molestation coverage Must include Corporal Punishment coverage NOTE: Strict Disciplinary Academies must also have Security/Police Professional Liability coverage with MINIMUM of $1,000,000 per occurrence If Claims Made, Retroactive Date must be the same or before date of original University-PSA contract Higher limits may be required if PSA has its own buses NOTE: If PSA is leasing employees from ESP, ESP must have Employers' Liability with $1,000,000 per occurrence AND Alternate Employer Endorsement naming PSA. COVERAGE REQUIREMENTS Umbrella Can be Claims Made or Occurrence form $2,000,000 per occurrence & $4,000,000 aggregate If PSA has its own buses AND/OR has more than 1,000 students, must have MINIMUM $5,000,000 per occurrence PSA must be included as First Named Insured University must be included as Additional Insured with Primary Coverage
Cyber Extortion. To indemnify the Covered Party for: Cyber Extortion Loss, in excess of the Retention, incurred by The Firm as a direct result of an Extortion Threat first made against The Firm during the Coverage Period by a person, other than the FIRM’s employees, directors, officers, principals, members, law partners, contractors, or any person in collusion with any of the foregoing. Coverage under this Coverage Agreement is subject to the applicable conditions and reporting requirements, including those set forth in Clause XIII, Obligations in The Event of an Extortion Threat.
Cyber Extortion. 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. Data Restoration. The Insurer will reimburse, or pay on behalf of, the Insured for Restoration Costs, directly caused by a Security Breach that is Discovered during the Policy Period.
