Extortion expense coverage (cyber liability)

Term · Insurance and risk management · MLC-T-INS-001432

A component of cyber liability insurance that covers expenses incurred by an insured to investigate and respond to a cyber extortion threat. This includes costs associated with professional negotiators, forensic experts, and sometimes the actual ransom payment made to prevent a data breach or system shutdown. Coverage typically applies when a threat actor demands payment to prevent a cyberattack or release hijacked data.

Table 1. Record
Identifier	MLC-T-INS-001432
Field	Insurance and risk management
Subject	Cyber and Privacy Liability

Record as JSON

{
  "id": "MLC-T-INS-001432",
  "term": "Extortion expense coverage (cyber liability)",
  "field": "Insurance and risk management",
  "definition": "A component of cyber liability insurance that covers expenses incurred by an insured to investigate and respond to a cyber extortion threat. This includes costs associated with professional negotiators, forensic experts, and sometimes the actual ransom payment made to prevent a data breach or system shutdown. Coverage typically applies when a threat actor demands payment to prevent a cyberattack or release hijacked data.",
  "subject": "Cyber and Privacy Liability",
  "url": "https://mlchart.com/terminology/insurance/extortion-expense-coverage-cyber-liability/"
}

Record 1,285 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.