Risks and definitions for the owners of online retailers from VESTAbyJGS.
Wrongful taking of money, securities and other property and intangibles (Services, intellectual property, and data) carried out by employees or non employees.
Theft of Proprietary Information
Wrongful taking of software code, supplier information, confidential or proprietary information, including intellectual property, source code, customer data, electronic information as a result of unauthorized access or unauthorized use of computer networks.
Theft of IT Resources
Computer or bandwidth resources that are used for other than official, approved business use.
Threats to commit a computer crime or to use information gained from a computer crime in exchange for money or personal gain / competitive advantage.
Malicious Actions or Attacks
Modification or damage to systems or data for the purpose of nuisance, sabotage, malicious acts, revenge, political or social motivation, pranks or entertainment.
Disclosure of Electronic Information and Assets
Unauthorized disclosure of proprietary or confidential information stored in an electronic form, as a result of a computer crime, malicious attack, or un intentional mistake made by authorized IT Personnel in the normal performance of their jobs
Off Premises Service Interruption
Physical perils, attacks, accidents and malfunctioning of network communications infrastructure, including satellites, telephone lines, cable, electrical lines and fiber-optic cable.
All perils (cyber and physical) can occur to a critical supplier, vendor or customer, resulting in contingent business interruption and extra expense.
Liability Errors and Omissions
Litigation costs brought upon by third-party partners, customers, vendors and financial institutions from financial harm.
Merchandise Misrepresentation and Fulfillment
Products sold do not represent what was advertised.
Privacy / Corporate Email
Information and content contained in emails becomes discoverable in litgation from third parties and employees.
Intellectual Property Infringement
Patent, copyright, trademark and misappropriation of trade secrets.
Content and Advertising
Defamation, trade libel and product disparagement, misappropriation of publicity rights, unfair competition, editorial errors and omissions.
Damage to Information and Programs by Human Error
Unintentional act or mistake made by authorized IT personnel.
Electrical or mechanical breakdown that causes damage to equipment, programs, data and network disruption.
Damage to equipment, media and data due to a peril.
Implantation and or spread of viruses, trojan horses, worms, spyware and other malicious code.
DOS (Denial of Service) Attack
Attack that causes a degradation of performance or loss of service
Loss of Service
Computer system outage, server crash from fraudulent access or transmission.
Use of customer data, possible breach of data, failure to disclose collection, use and/or failure to allow opt-out.
The cost of retaining for a stipulated period of time an independent public relations consultant and the cost of associated advertising and public relations media and activities.
Amount paid by the Insured to an informant for information not otherwise available which leads to the arrest and conviction of persons responsible for a cyber attack.
Fraudulent Access or Transmission or a Threat covered
Liability for the publication of slanderous and/or libelous comments.
Physical Loss –
Data Cost to rebuild, restore, recode, reload, etc.. Post damage to equipment, media and data due to physical peril.
Physical Theft of Data
Cost to replace the data on hardware physically from on/off premises.
Discrimination – employment
Harassment, discrimination, etc against an employee
3rd Party Credit Card Fraud Cost to third party from the use of fraudulent credit card.
Short term website crash on crucial sale day (e.g., cyber-Monday)