CYBER PROTECTION Sample Clauses
The CYBER PROTECTION clause establishes requirements and responsibilities for safeguarding digital systems and data against cyber threats. Typically, it obligates parties to implement specific security measures, such as firewalls, encryption, or regular security audits, and may require prompt notification in the event of a data breach. This clause serves to minimize the risk of cyberattacks, protect sensitive information, and clarify each party’s obligations in maintaining cybersecurity standards.
CYBER PROTECTION. As a SELLER involved in a real estate transaction where money is changing hands,
CYBER PROTECTION. 6.20.1 The Insurance may exclude liability of the Insurer to indemnify any Insured against any of the Insured's own loss caused by and/or arising out of:
(a) a Cyber Act; and
(b) a partial or total unavailability or failure of any Computer System.
6.20.2 The Insurance may exclude liability of the Insurer to indemnify any Insured in respect of a Cyber Extortion Payment.
6.20.3 The Insurance may exclude liability of the Insurer to indemnify any Insured against any loss directly caused by, directly resulting from and/or directly arising out of the transmission of malware, malicious code or similar by the Insured or any other party acting on behalf of the Insured, provided that this exclusion shall not apply in respect of the loss or misappropriation of client moneys or any loss arising therefrom.
6.20.4 The Insurance may exclude liability of the Insurer to indemnify any Insured against any loss directly or indirectly caused by, resulting from and/or arising out of the failure or interruption of services relating to Core Infrastructure, provided that any such failure or interruption of services impacts a Computer System, provided that this exclusion shall not apply in respect of:-
(a) any failure or interruption of service caused by any actual or alleged negligent act, error or omission by the Insured; and/or
(b) the loss or misappropriation of client moneys or any loss arising from the said loss or misappropriation.
6.20.5 For the purposes of Clause 6.20, the following terms have the following meanings:
CYBER PROTECTION. Because you are going to be involved in a real estate transaction where money is 121 changing hands, you are a potential target for cyber-criminals. Always contact the closer directly before wiring 122 any money. 123