• Cyberextortion Coverage is an insurance agreement contained in some of the policies written to cover data breach claims. Such policies are most commonly referred to as “cyber security and privacy insurance”, “information security and privacy insurance”, and “cyber security insurance”. This insurance agreement covers costs associated with a cyber-ransomware case (for example, the insured receives an email stating that the ransomware will launch a virus on the insured company’s website unless the company pays a $10 million ransom). The costs covered by this insurance agreement include (1) the money paid to meet extortion claims, (2) the cost of hiring computer security experts to prevent future extortion attempts, and (3) the costs charged by professionals to deal/negotiate with cyber ransomware . Some insurers do not offer cyber-ransomware coverage (also known as “e-commerce ransomware coverage”) because similar protection is available under kidnapping and ransom insurance policies. As with other cyber threat and privacy insurance policies, cyber extortion coverage has an annual cumulative limit and an annual cumulative deductible.