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3 <br />We will also pay costs and expenses on your behalf. <br />SECTION E: REGULATORY COSTS AND FINES <br />We agree to pay on your behalf costs and expenses and any fines or penalties as a result of any <br />regulatory investigation first initiated against you during the period of the policy or any <br />applicable optional extended reporting period arising directly out of the provision of your <br />technology services. <br />However, we will not pay costs and expenses, fines or penalties in respect of any regulatory <br />investigation affecting the wider environment in which you conduct your technology services, as <br />opposed to any regulatory investigation solely affecting you. <br />SECTION F: DISHONESTY OF EMPLOYEES <br />We agree to pay on your behalf all sums which you become legally obliged to pay (including <br />liability for claimants' costs and expenses) as a result of any claim first made against you during <br />the period of the policy or any applicable optional extended reporting period arising out of any <br />dishonesty by any employee in the provision of your technology services. <br />We will also pay costs and expenses on your behalf. <br />SECTION G: PAYMENT OF WITHHELD FEES <br />We agree to pay your withheld fees in the event that a client of yours brings or threatens to bring <br />a claim against you that would be covered under INSURING CLAUSE 1 (SECTIONS A, B, C and F <br />only) for an amount greater than your withheld fees if you attempt to recover the withheld fees <br />from them. Prior to payment of your withheld fees you must obtain written confirmation from <br />the client that they will not bring a claim against you if you agree not to pursue them for your <br />withheld fees and provide it to us. <br />INSURING CLAUSE 2: NETWORK SECURITY & PRIVACY LIABILITY <br />SECTION A: NETWORK SECURITY LIABILITY <br />We agree to pay on your behalf all sums which you become legally obliged to pay (including the <br />establishment of any consumer redress fund and associated expenses) as a result of any claim <br />arising directly out of a cyber event first discovered by you during the period of the policy that <br />results in: <br />a.the transmission of malware to a third party's computer system; <br />b.your computer systems being used to carry out a denial of service attack; <br />c.your failure to prevent unauthorized access to information stored or applications hosted <br />on your computer systems or a third party's computer systems; and <br />d.identity theft, experienced by your employees or any third party. <br />We will also pay costs and expenses on your behalf. <br />CFC Underwriting Limited is Authorized and Regulated by the Financial Conduct Authority <br />Technology v4.1 <br />©1999-2024 CFC Underwriting Ltd, All Rights Reserved <br /> <br />