Cyber Risks Insurance

Coverage

To indemnify the Insured or pay on their behalf in excess of the following:

1. IT forensic Investigation costs
2. Privacy response costs
3. Restoration costs
4. Data restoration costs
5. Business interruption loss incurred after the waiting period and during the business impact period
6. Damages that the Insured is legally obliged to pay and related claim costs
7. Extortion Loss
8. Regulatory penalties and related regulatory costs

Arising as a direct consequence of contingency or contingencies listed hereunder:

1. A Breach of Confidentiality; and/or
2. A Breach of Privacy; and/or
3. A Security Breach and/or failure to prevent Security Breach

Subject to such contingency or contingencies first occurring on or after the retroactive date and 

1. Item 1 – 4, for contingency or contingencies first discovered by the Insured and reported to the Insurer in writing during the policy period or in accordance with Section V.10. of this Policy if applicable
2. Item 5 – 7 for contingency or contingencies for which a claim or extortion threat is first made against the Insured and reported to the Insurer in writing during the policy period or in according with Section V.10. of this Policy if applicable