Allied Chemical Products discovered a computer attack on the…
Allied Chemical Products discovered a computer attack on the computer network on December 30th. They received a ransom demand letter, on December 31st. The insured began taking pre-cautions and immediately hired an IT cyber consultant to assist on restoring the data and preventing any further losses. The IT consultant was able to fully restore the data and get the system operating safely. The consultant sent a bill to Allied Chemical for $82,000 to cover the cost of their services, plus the $250,000 ransom that was paid. Allied reported the claim and the sent the bill to their insurance company on March 20th requesting payment of the costs for the data restoration cost and the ransom payment. Allied has a $1,000,000 Cyber Defense liability policy with a $50,000 deductible per claim. The claim occurred in their current policy year. Read Insuring Agreement B- Computer Attack and explain if the insured handled this claim properly and how much of this claim will be paid by the insurance company.
Read DetailsA common type of cyber claim today is the extortion of money…
A common type of cyber claim today is the extortion of money from a company by hacking into their system using Ransomware. This type of claim is covered under insurance agreement D. What is the insurance company’s definition of Ransomware? It is listed in the Definitions section.
Read DetailsWhich uses the correct punctuation? With three pairs of w…
Which uses the correct punctuation? With three pairs of warts between its tusks and its eyes the wart hog is no beauty. The bright, capable surgeon who will remove my appendix is Lara Jones M.D. Did you know that koalas, which eat mainly the shoots and leaves of eucalyptus, sleep most of the day? In the rugged country of the Sierra Madre Occidental in Mexico streams have cut gorges more than a mile deep through the mountains. None of the above uses punctuation correctly.
Read DetailsWhich uses the correct punctuation? The interior of that…
Which uses the correct punctuation? The interior of that abalone shell is beautiful, it seems to contain every color of the rainbow. Weather patterns are caused by the following elements, temperature, air pressure, wind, and moisture; weather moves from a high-pressure area to a low-pressure area. If you are unable to windsurf – it’s a difficult sport – try ordinary surfing, which is easier. For more proofs of this theorem, see Chapter 31 (page 260 (lines 10-30)). None of the above uses punctuation correctly.
Read DetailsWhich uses the correct punctuation? Her favorite John Len…
Which uses the correct punctuation? Her favorite John Lennon song is “All You Need is Love,” however, I think the lyrics are too simple. This kind of flea is only one-eighth inch long; however, it can jump thirteen inches. The senior citizens club will tour these cities; London, England; Glasgow, Scotland; Dover, England; and Paris, France. At 400 P.M. this Friday, the cheerleaders will meet to discuss next weeks’ pep rally. None of the above uses punctuation correctly.
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