Possible Cyber Risk Damages

Financial Quantification results are broken down into impact scenarios, which are an aggregation of events based on the type of impact. Refer to the following types of damages possible from those scenarios.

BI Forensics

Necessary expenses incurred by the insured to investigate the source or cause of the failure of computer security to prevent a security breach.

BI Recovery Expenses

The cost of fixing the problem, restoring systems, and getting the systems to full recovery after an attack.

Extortion Payment

Amount of money paid as ransom in the case of extortion.

Extortion Recovery Expenses

The cost of fixing the problem, restoring systems, and getting the systems to full recovery after a ransomware attack.

Legal Defense

Costs and expenses of any kind incurred by hiring legal counsel in investigating, preparing for, defending against or providing evidence, producing documents, or taking other action with respect to any threatened or asserted claim.

Lost Income

Amount of money that the claimant either has not received or will not receive as a result of business interruption sustained in the incident in question.

Public Relations

Costs and expenses of a public relations firm or consultant, crisis management firm, or law firm which an organization may engage in order to prevent or limit adverse effects of any negative publicity which has arisen from any covered claim or inquiry.

Regulatory Fines

Civil monetary fine or penalty imposed by a federal, state, local, or foreign governmental entity.

Regulatory Legal Defense

Fees, costs, and expenses of any kind incurred in investigating, preparing for, defending against or providing evidence, producing documents, or taking other action with respect to any threatened or asserted claim.

Settlements

Payments to class-action lawsuits or other court cases.