Examples of Extortion Payments in a sentence
The Retentions, shown in the Schedule of this endorsement, apply to Cyber Management Expenses, Damages, Credit Monitoring Costs, Claim Expenses, Extortion Payments, Business Income and Extra Expenses or First Party Loss incurred in each Network Security Breach, Privacy Violation, Interrelated Breaches/Violations, Extortion Demand, Exploit or Network Impairment.
In the case of Extortion Payments to a Public Official, said payment must be promptly identified and duly documented.
The limits of liability shown in the Declarations and subject to the provisions of this Policy is the amount the Insurer will pay for Damages, Claim Expenses, Privacy Event Expenses, Extortion Payments, Privacy Regulation Investigation Expenses and First Party Loss regardless of the number of Insureds, Claims made, Privacy Events, Extortion Demands, Privacy Regulation Investigations, persons or entities making Claims.
The self-insured retention amounts shall be paid by the Insured as a condition precedent to the payment of any Claim Expenses, Damages, Privacy Breach Costs, Digital Asset Replacement Expenses, Extortion Expenses, Extortion Payments, Business Income Loss, Contingent Business Income Loss and Extra Expenses hereunder.
Pursuant to the Policy Declarations, coverage is potentially available under five discrete coverage grants: Restaurant Events, Supplier Events, Workplace Violence Events, Incident Response Expenses and Extortion Payments.
Maria Alejandra Navarrete, “Coronavirus Affects Extortion Payments in Mexico and Central Ameri- ca,” InSight Crime, April 13, 2020, insightcrime.org/news/analysis/coronavirus-extortion-mexico-cen- tral-america/.
The Insurer will reimburse the Organization for Extortion Payments which the Organization pays as a direct result of a Cyber Extortion Threat first made against the Organization during the Policy Period and reported to the Insurer pursuant to Section IV(G).
The Underwriter will pay Extortion Payments and Rewards incurred by or on behalf of the Insured because of an Extortion that is first discovered by a member of the Control Group during the Policy Period; provided, that such Extortion is reported to the Underwriter in accordance with Section VI of this Coverage Section.
Not only would this promote consistency with other regulatory frameworks, but it would also remove ambiguities introduced elsewhere in the Proposed Amendments by the use of the term “cybersecurity event.” Extortion Payments: The Proposed Amendments require Covered Entities to notify NYDFS within 24 hours of an extortion payment being made and within 30 days to provide a more detailed description of the reasons such a payment was necessary.
Claim Expenses, Dependent Business Interruption Income Loss, Digital Asset Expenses, Extortion Payments, Extortion Expenses, Extra Expenses, Network and Data Extortion Threat, Network Security Incident, Privacy Breach Expenses, Privacy Incident, Regulatory Proceeding.