Computer crime insurance
Term · Insurance and risk management · MLC-T-INS-000882
A specialized form of commercial crime insurance that protects businesses from financial losses resulting from computer-related criminal activities. This coverage addresses risks such as unauthorized access to computer systems, data alteration, theft of electronic funds, and damage to data or software caused by malicious code. Policies typically cover direct financial losses rather than reputational damage.
| Identifier | MLC-T-INS-000882 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-000882",
"term": "Computer crime insurance",
"field": "Insurance and risk management",
"definition": "A specialized form of commercial crime insurance that protects businesses from financial losses resulting from computer-related criminal activities. This coverage addresses risks such as unauthorized access to computer systems, data alteration, theft of electronic funds, and damage to data or software caused by malicious code. Policies typically cover direct financial losses rather than reputational damage.",
"url": "https://mlchart.com/terminology/insurance/computer-crime-insurance/"
}
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