Direct Financial Loss

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Cyber

What is
Direct Financial Loss
The actual monetary loss directly caused by a covered cyber event.
Direct Financial Loss
in more detail

Examples include system recovery costs, lost revenue during downtime, and extra operational expenses. Consequential or speculative losses are generally excluded unless specifically included. The definition’s precision (what is “direct”) influences claims under Australian contract interpretation principles. (www8.austlii.edu.au)

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