Computer Systems:   This insuring agreement provides cover in respect of losses arising due to the fraudulent input, modification, or destruction by third parties of electronic data into the insured's computer system, a service entity's computer system, an electronic funds transfer system or a customer communication system

Computer Virus Loss due to the damage or destruction of electronic data or software caused by the introduction of a computer virus into the computer system of the insured

Electronic Data, Electronic Media, Electronic Instruction

Loss due to:

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The acts of a hacker causing damage or destruction to electronic data or software;

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The fraudulent modification of electronic data or software by a third party;

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robbery, burglary, larceny or theft of electronic data or software

Electronic Transmissions Loss resulting directly from a customer of the insured, a clearing house, custodian, or financial institution having transferred, paid or delivered any funds or property, on the basis of relying on fraudulent or unauthorised electronic communications from the insured

Electronic Communications Loss due to the transfer, payment or delivery of funds or property, resulting from the insured having relied on fraudulent or unauthorised electronic communications from customers, a clearing house, custodians or financial institutions

Insured's Service Entity Operations Loss due to the fraudulent input, modification or destruction of electronic data whilst the insured is acting as a service entity for customers

Voice Initiated Transfers Loss resulting directly from the insured having transferred any funds on the faith of any unauthorised and fraudulent customer voice initiated funds transfer instructions

Extortion Loss due to a person other than an employee having gained unauthorised access to the insured's computer system and threatens to surrender any funds or property, sell or disclose confidential security codes, or damage or destroy electronic data or software

Claims Preparation Costs Reasonable expenses incurred by the financial institution in preparing any valid claim for any loss covered by the Electronic Computer Crime policy

Legal Fees and Legal Expenses Reasonable legal fees and expenses incurred by the insured with the prior written approval of ACE, in the defence of any legal suit or proceeding, to determine the financial institution's liability for a covered loss under the policy.