Cyber Extortion definition

Cyber Extortion means a form of cybercrime which occurs when a person uses the internet to demand money or other goods or behaviour from another person by threatening to inflict harm to his person, reputation, or property;

Cyber Extortion means a threat made solely and directly against an Insured Organisation by a person or group to:

Cyber Extortion means a demand that originates from outside the Named Insured entity, made to the Named Insured for money, currency or something else of value in exchange for not carrying out a threat to commit privacy breach. Cyber extortion also means a threat to disseminate, without authorization, data that are non-public and personal information as established by law, or to deny, to impede, to make unavailable or to otherwise disrupt access to such data.

Examples of Cyber Extortion in a sentence

• Cyber Extortion, in the event of an "extortion threat" to which this insurance applies, the "insured" shall notify us by calling the phone number for the Cyber Extortion Threat hotline shown in the Declarations immediately upon receipt of any "extortion threat", and shall thereafter also provide written notice by facsimile, email, through our web or mobile app portals, or express mail within five days following the "extortion threat".

• The Named Insured must obtain the Underwriters’ consent prior to incurring Cyber Extortion Loss.

• The Insured shall use its best efforts at all times to ensure that knowledge regarding the existence of the Cyber Extortion Loss Coverage afforded by this Policy is restricted as far as possible.

• Cyber Extortion Loss that the Insured Organisation incurs as a result of an Extortion Threat first made against the Insured Organisation during the Policy Period.

• With respect to Cyber Extortion Loss, the Named Insured must notify the Underwriters via the email address listed in the Notice of Claim, Loss or Circumstance in the Declarations as soon as practicable after discovery of an Extortion Threat but no later than 60 days after the end of the Policy Period.

• With respect to Insuring Agreement FP-A., before coverage will apply for Cyber Extortion Loss in the event of an Extortion Threat to which this endorsement applies, the Insured Organization shall notify Underwriters by contacting the persons specified in Item 8.A. of the Declarations by telephone immediately upon receipt of any Extortion Threat, and shall thereafter also provide written notice by telecopy, email or express mail within five (5) days following the Extortion Threat.

• The costs and expenses of establishing or proving Cyber Extortion Loss for this Policy, including without limitation those connected with preparing a proof of loss, shall be the Insured’s obligation, and are not covered under this Policy.

• Cyber Extortion Loss indemnifies the Insured/Member for a Cyber Extortion Loss incurred as a result of an Extortion Threat first made against the Insured/Member during the Policy Period.

• The most we will pay under Cyber Extortion coverage for “loss” arising from one “cyber extortion threat” is the applicable sublimit shown in the Cyber Suite Supplemental Declarations.

• Common categories of Cyber Risk include inter-alia, Hacker Attacks, Data Breach, Virus / Malware transmission and Cyber Extortion.

More Definitions of Cyber Extortion

Cyber Extortion means any threat or connected series of threats communicated to the insured for the purpose of demanding money, securities, or property, including but not limited to threats to release, divulge, disseminate, corrupt, damage or destroy “electronic data” or “electronic media”; introduce malware or “malicious code” into the insured’s “computer system”; electronically communicate with the insured’s customers in order to fraudulently obtain personal information, money, securities or property; or restrict or hinder access to the insured’s “computer system,” “electronic data” or “electronic media,” including but not limited to ransomware.

Cyber Extortion means a threat made solely and directly against the Company by a person or group to:

Cyber Extortion means a threat, communicated to an Insured or Insured Person by an individual other than an identifiable Employee, expressing an intention to: 1. cause the Insured to transfer, pay, or deliver funds or property using a Computer System without the permission, authorization, and consent of the Insured; 2. sell or disclose information about a customer of the Insured that is unique to the relationship of the customer and the Insured and is not otherwise publicly available, provided that such information is stored in an electronic medium in a Computer System and is retrievable in a perceivable form; 3. alter, damage, or destroy any computer program, software, or other electronic data that is stored within a 4. maliciously or fraudulently introduce a Computer Virus into a Computer System when such threat is premised upon actual or alleged unauthorized access to the Computer System; 5. maliciously or fraudulently introduce malware into a Computer System; or 6. initiate an intentional attack on a Computer System that depletes system resources or impedes system access available through the Internet to authorized external users of the Computer System, where such threat is made for the purpose of demanding Xxxxxx from the assets of an Insured or Insured Person as a condition of not carrying out such threats.

Cyber Extortion means any direct or indirect attempt to coerce BW or its representatives through online or electronic

Cyber Extortion means any direct or indirect attempt to coerce the Company or its representatives through online or electronic means into any form of exchange to prevent a threatened action by the coercing party;