Laserfiche WebLink
7 <br />INSURING CLAUSE 4: CYBER CRIME <br />SECTION A: ELECTRONIC THEFT OF YOUR FINANCIAL ASSETS <br />We agree to reimburse you for loss first discovered by you during the period of the policy as a <br />direct result of any third party committing: <br />a.an unauthorized electronic transfer of your financial assets from a bank or other financial <br />institution, including an asset management firm, pension or investment fund; or <br />b.any phishing, vishing or other social engineering attack against any employee that results <br />in the electronic transfer of your funds to an unintended third party. <br />SECTION B: ELECTRONIC THEFT OF THIRD PARTY FUNDS HELD IN ESCROW <br />We agree to reimburse you for loss (including compensation you are legally obliged to pay) first <br />discovered by you during the period of the policy as a direct result of you having to reimburse <br />any third party for theft from a bank account held in your name of money or other financial <br />assets held by you on behalf of that third party, provided that the theft was committed by any <br />other third party by electronic means, including any phishing, vishing or other social engineering <br />attack against you. <br />SECTION C: THEFT OF PERSONAL FINANCIAL ASSETS <br />We agree to reimburse any senior executive officer for personal financial loss first discovered by <br />them during the period of the policy as a direct result of any third party compromising the <br />company's network security which results in: <br />a.theft of money or other financial assets from a personal bank account of the senior <br />executive officer; or <br />b.identity theft of the senior executive officer as a result of a privacy breach suffered by you. <br />SECTION D: EXTORTION <br />We agree to reimburse you for any ransom paid by you, or on your behalf, in response to an <br />extortion demand first discovered by you during the period of the policy as a direct result of any <br />threat to: <br />a.introduce malware, including ransomware, into your computer systems; <br />b.prevent access to your computer systems or data or any third party systems hosting your <br />applications or data; <br />c.release your confidential information or confidential information entrusted to you; or <br />d.damage your brand or reputation by posting false or misleading comments about you on <br />social media sites. <br />SECTION E: TELEPHONE HACKING <br />We agree to reimburse you for loss associated with the cost of unauthorized calls or <br />unauthorized use of your bandwidth first discovered by you during the period of the policy as a <br />direct result of your telephone system being hacked by a third party. <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 />