MLchartDataset catalogue

Cyber extortion

Term · Insurance and risk management · MLC-T-INS-001061

A type of cybercrime where malicious actors threaten to damage, block access to, or release sensitive data unless a ransom is paid. This can involve ransomware attacks that encrypt data or distributed denial-of-service attacks that disrupt operations. Cyber insurance policies often include specific coverage for the costs associated with responding to and resolving cyber extortion demands.

Table 1. Record
IdentifierMLC-T-INS-001061
FieldInsurance and risk management
SubjectCommercial Liability
Record as JSON 
{
  "id": "MLC-T-INS-001061",
  "term": "Cyber extortion",
  "field": "Insurance and risk management",
  "definition": "A type of cybercrime where malicious actors threaten to damage, block access to, or release sensitive data unless a ransom is paid. This can involve ransomware attacks that encrypt data or distributed denial-of-service attacks that disrupt operations. Cyber insurance policies often include specific coverage for the costs associated with responding to and resolving cyber extortion demands.",
  "subject": "Commercial Liability",
  "url": "https://mlchart.com/terminology/insurance/cyber-extortion/"
}

Record 866 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.