extortion expense coverage (cyber liability)
The extortion expense coverage found in some professional liability technology policies covers the insured for reasonable and necessary expenses incurred as a result of a network extortion threat.
extortion expense coverage (cyber liability)
The extortion expense coverage found in some professional liability technology policies covers the insured for reasonable and necessary expenses incurred as a result of a network extortion threat.
Additional Information
This would include, for example, "ransom" payments to those thought to be behind the threat. All payments must be made with the insured's written consent.
