FIRST PARTY CYBER
Cyber loss or Damage
The costs incurred including forensic investigation costs to restore the insured’s network or the information stored on the insured’s network.
Business interruption and extra expense
BI coverage as a result of the reduction in business income arising from unauthorized access, operational error, computer virus or a denial of service attack to the insured’s network.
Loss or alteration to the insured’s money, security (for instance an internet driven phishing scam of the insured’s network).
Loss of the insured’s goods due to an unauthorized delivery of goods
This is all resulting from a transmission of information through or to the insured’s network and created by an external source
Extortion money paid by the insured to a third party extortionist and the forensic investigation costs due to the imminent and probable danger of:
- Loss or damage to the insured’s network
- Loss of the insured’s money
- Data breach
- Defacement of the insured’s website
Following a credible threat made to the insured by an extortionist
Forensic investigation costs arising from the use of the insured’s bandwidth and the cost of unauthorized calls due to the unauthorized access of the insured’s telephone system by an external source
Expenses approved by the insurer required to respond to adverse or unfavorable publicity resulting from a covered loss
Data breach notification costs to comply where it is legally required to do so or where there has been a suspected or confirmed data breach where notification is not legally required.
Adulteration and Contamination of Stock
Stock damage cover if goods stored in temperature controlled environments as a result of unauthorized access, computer virus or a denial of service attack to the insured’s network