Cyber Extortion Costs definition
Examples of Cyber Extortion Costs in a sentence
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.
Such Retentions shall be satisfied by monetary payments by the Named Insured of the Breach Response Costs, Cyber Extortion Costs, Data Recovery Costs, Business Interruption Loss, and Dependent Business Interruption Loss.
If any Cyber Extortion Costs is paid by or on behalf of the Organization in digital currency, payment by the Underwriter under this Coverage Section shall be made in United States Dollars equal to the US Dollar-value of the digital currency at the time such payment is made (that is, at the time that such digital currency is first recorded in a public ledger of transactions for such digital currency).