Cyber-extortion coverage

{
  "id": "MLC-T-INS-001062",
  "term": "Cyber-extortion coverage",
  "field": "Insurance and risk management",
  "definition": "Insurance protection against financial losses incurred due to threats from cybercriminals to release sensitive data, disrupt systems, or launch denial-of-service attacks unless a ransom is paid. This coverage typically includes the cost of the ransom payment itself, negotiation expenses, and expert fees for incident response. It addresses the growing risk of digital blackmail faced by organizations.",
  "url": "https://mlchart.com/terminology/insurance/cyber-extortion-coverage/"
}