Define: Security Threat

How is Security Threat defined in a legal contract?

• Security Threat means a potential risk that could exploit a weakness in the security of your system, potentially leading to harm. Seen in 9 SEC filings.
• Security Threat means any potential threat to intentionally attack a computer system with the intention of demanding money, securities or any tangible or intangible property from an insured party. Seen in 5 SEC filings.
• Security Threat means any potential threat to a computer system that could result in a real or alleged qualifying breach of data security, leading to financial damages. Seen in 4 SEC filings.
• Security Threat means any potential risk or series of connected risks to intentionally attack network systems, with the purpose of making demands in money, including virtual, digital, and electronic currency, securities, or other property of value from an insured party. Seen in 4 SEC filings.
• Security Threat means any activity involving conduct known as ""pharming"", ""phishing"", distributed denial of service attacks, ""spam"", ""ransomware"", ""time bomb"", ""trojan horse"", ""worm"", ""malware"", ""virus"" or any other type of harmful computer software or code. These activities are specifically designed to allow unauthorized access to or use of a computer system. Seen in 1 SEC filing.
• Security Threat means an act or event, whether known or suspected, that could imminently cause or result in a security breach event. Seen in 1 SEC filing.
• Security Threat means any threat conveyed over the internet to demand money, goods, or services from you by threatening to inflict harm to your person, your reputation, or your property. This could be done by publicizing your personal information or data stored on your computer system, or by denying you access to data or information on such computer systems. Seen in 1 SEC filing.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Security Threat means a risk exploiting a system weakness leading to harm.

Relevant Contract Types

• Information Technology Services Agreement
• Data Processing Agreement
• Software Licensing Agreement
• Website Development Agreement
• Cloud Services Agreement

Relevant Circumstances

• Technology / System Development or Acquisition
• Data Management and Security
• Software Licensing
• IT Consulting
• Process Automations

Relevant Sectors

• Information Technology
• Healthcare
• Finance
• Retail
• Government

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Genie Definition 2

• Security Threat means an intentional attack on a computer system demanding [insert Value item].

Relevant Contract Type

• Information Technology Services Agreement
• Data Processing Agreement
• Website Development Agreement
• Cybersecurity Service Agreement

Relevant Circumstances

• Data Management and Security
• Software Licensing
• IT Consulting
• Cryptocurrency Exchange

Relevant Sectors

• Information Technology
• Crypto Finance
• Banking
• E-Commerce

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Genie Definition 3

• Security Threat means conduct like ""phishing"", ""spam"", allowing unauthorised system access.

Relevant Contract Type

• Cybersecurity Service Agreement
• Data Processing Agreement
• Software Licensing Agreement

Relevant Circumstances

• Data Management and Security
• Software Licensing

Relevant Sectors

• Information Technology
• E-Commerce
• Banking

Genie Definition 4

• Security Threat means an act resulting in a certain security breach event.

Relevant Contract Type

• Data Breach Notification Service Agreement
• Information Security Policy
• Intellectual Property Rights Agreement

Relevant Circumstances

• Data Breach
• Intellectual Property Protection

Relevant Sectors

• Information Technology
• Healthcare

Genie Definition 5

• Security Threat means an online threat demanding [insert Value item], inflicting reputation, property, data harm.

Relevant Contract Types

• Information Technology Services Agreement
• Data Processing Agreement
• Website Development Agreement
• Cybersecurity Service Agreement
• E-Commerce Agreement

Relevant Circumstances

• Data Management and Security
• IT Consulting
• E-Commerce Operations

Relevant Sectors

• Information Technology
• E-Commerce
• Media
• Retail

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