Data restoration costs definition

Data restoration costs means the costs of an outside professional firm hired by you to replace electronic data that has been lost or corrupted. In order to be considered “data restoration costs”, such replacement must be from one or more electronic sources with the same or similar functionality to the data that has been lost or corrupted.
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Data restoration costs means reasonable fees, costs and expenses for the restoration and/or replacement of data and/or programs that have been lost, erased corrupted or encrypted by a Cyber Event or Data Liability Event and costs to prevent or minimise any further damage and preserve material evidence of civil, criminal or malicious wrongdoings. These costs include the cost of purchasing replacement licenses for programs where necessary.
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Data restoration costs means the reasonable amounts incurred or paid by an Insured Entity, with the Insurer’s prior written consent:
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Examples of Data restoration costs in a sentence

  • Cybersecurity Risk Controls Solely with respect to Extortion Loss, Data Restoration Costs, and Business Interruption Loss under the Business Interruption Insuring Agreement, the Insured must continually use Cybersecurity Risk Controls on Eligible Computers.


More Definitions of Data restoration costs

Data restoration costs means the costs of an outside professional firm hired by you to replace electronic data that has been lost or corrupted. In order to be considered “data restoration costs”, such
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Data restoration costs. Means the reasonable fees, costs, and expenses incurred by you for the recovery, restoration, input, configuration and/or replacement of your data assets that have been corrupted, erased, encrypted, damaged or destroyed. Data restoration costs do not include:
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Data restoration costs means the costs of an outside professional firm hired by you to replace
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Data restoration costs means the reasonable and necessary expenses incurred by the Named Insured, with the Company’s prior written consent, to restore any Data Assets to their previous condition following a covered Data Assets Breach, including Crisis Management Costs, costs of a third party forensic investigator to determine the scope of the Security System’s failure; fees of a law firm solely to determine the Named Insured’s indemnification rights under a written contract with any independent contractor or third party vendor that may be legally responsible for the Data Assets Breach; and costs to restore electronically formatted Data Assets maintained by or on behalf of the Named Insured from written records or from backups where such Data Assets were harmed or corrupted in a covered Data Assets Breach. If the Named Insured determines that Data Assets cannot be restored, reconstructed or replaced, Data Restoration Costs shall be limited to the reasonable and necessary expenses incurred to reach that determination.Data Restoration Costs shall not include any non-electronically-formatted Security System’s restoration costs; the costs to restore, update, replace or improve Data Assets or electronically-formatted Security Systems to any greater level than that which existed prior to the Data Assets Breach; the economic or market value of any Data Asset, including trade secrets; salaries, wages, fees, compensation, overhead or benefit expenses accruing to any Insured; and any Claim, Claim Expenses or any third party Damages.
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Related to Data restoration costs

  • Construction Costs means land costs, all costs paid to construct and complete the Improvements, as specified on Exhibit "B" attached hereto and made a part hereof.

  • Eligible Project Costs means such portion of the Project costs disbursed and loaned from the OPWC to the Recipient for the sole and express purpose of acquiring, constructing, reconstructing, expanding, improving, engineering and equipping the Project, other direct expenses, and related financing costs thereto.

  • Acquisition Costs means all fees, costs, expenses, stamp, registration or transfer Taxes incurred by the Group in connection with the Acquisition.

  • Collection Costs means an amount that the Municipality can charge with regard to the enforcement of a consumer’s monetary obligations;

  • Training costs means reasonable costs incurred to upgrade the technological skills of Full-Time Employees in Illinois and includes: curriculum development; training materials (including scrap product cost); trainee domestic travel expenses; instructor costs (including wages, fringe benefits, tuition and domestic travel expenses); rent, purchase or lease of training equipment; and other usual and customary training cots. “Training costs” do not include, except where the Company receives prior written approval of the Department, costs associated with travel outside the United States, wages and fringe benefits of employees during periods of training, administrative costs related to Full-Time Employees of the Taxpayer, or amounts paid to an affiliate of the Company.