Business risk
Cyber extortion
Cover that responds to negotiation, advice, and, when the law permits, the payment demanded to recover hijacked systems or data.
In practice
The payment is rarely the expensive part: restoration and downtime are. The policy requires activating the panel before negotiating, and doing it independently often leaves reimbursement in question.
Where it is addressed
This term is covered in Ciberriesgo y datos and applies when taking out Ciber-riesgo.
