- Policy covering computer theft of money, securities, and other property by using a computer to transfer covered property from the insured’s premises or bank to another person or place. Also covers computer theft of information and computer vandalism.
- Scope of Cover
- Protects against losses occurring directly to the insurance holders Covers mainly information asset damage including damage to the data, software, and systems of an organization
- Covers loss from business interruption due to software or system failure from cyber attack
- Includes cyber-extortion protection, which covers ransom costs and negotiating expenses
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