Common use of Cyber/Privacy Liability Clause in Contracts

Cyber/Privacy Liability. Grantee shall provide Cyber/Privacy Liability Insurance to cover risk of loss to electronic data. The policy must include coverage for electronic vandalism to electronic data, including coverage for a third party's willful electronic alteration of data, introduction of viruses which impact electronic data, unauthorized use of electronic data, or denial of service to web site or email destinations. Cyber Liability Insurance $1,000,000 Claim/$1,000,000 Aggregate.