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🔐 '''Cryptojacking coverage''' is the insurance protection that responds to losses arising from unauthorized use of an organization's computing resources to mine cryptocurrency. It does not typically exist as a standalone policy; instead, it may be afforded — explicitly or implicitly — within [[Definition:Cyber insurance | cyber insurance]] policies, depending on how the insuring agreements, definitions of covered events, and exclusions are drafted. Because [[Definition:Cryptojacking | cryptojacking]] straddles the line between a security breach and a resource-theft event, coverage certainty varies significantly across policy forms and markets, making it a topic that [[Definition:Insurance broker | brokers]] and [[Definition:Risk manager | risk managers]] should examine carefully during the [[Definition:Placement | placement]] process.

⚙️ Whether a cryptojacking incident triggers a payout hinges on several wording details. Policies that define a covered event broadly — such as "unauthorized access to or use of computer systems" — are more likely to respond than those requiring proof of data exfiltration, [[Definition:Personally identifiable information (PII) | personal data]] compromise, or system outage meeting a defined waiting period for [[Definition:Business interruption insurance (BI) | business interruption]]. The financial harm from cryptojacking — inflated cloud hosting bills, accelerated hardware depreciation, and productivity losses from degraded performance — may fall under first-party expense coverage, [[Definition:Business interruption insurance (BI) | business interruption]] provisions, or [[Definition:System failure coverage | system failure]] extensions, depending on the carrier's form. In the London and Bermuda specialty markets, bespoke [[Definition:Manuscript policy | manuscript wordings]] may address resource-theft scenarios more explicitly, while standard forms in the U.S. admitted market sometimes leave ambiguity that can lead to [[Definition:Coverage dispute | coverage disputes]] at the claims stage.

📊 As [[Definition:Cryptojacking | cryptojacking]] techniques grow more sophisticated — including fileless malware that resides only in memory and multi-stage attacks that move laterally through cloud environments — the insurance industry faces pressure to clarify coverage intent. Some [[Definition:Insurance carrier | carriers]] have begun adding explicit cryptojacking language to their cyber forms, either as a covered peril or as a defined exclusion with buy-back options, bringing much-needed transparency. For [[Definition:Underwriting | underwriters]], the challenge lies in modeling a peril whose losses tend to be chronic and diffuse rather than acute, which complicates traditional [[Definition:Loss ratio (L/R) | loss ratio]] analysis. Organizations with heavy cloud or containerized workloads should work with their brokers to confirm that their [[Definition:Cyber insurance | cyber policy]] responds to unauthorized resource exploitation, not just to the headline perils of [[Definition:Ransomware | ransomware]] and data breach.

'''Related concepts:'''
{{Div col|colwidth=20em}}
* [[Definition:Cryptojacking]]
* [[Definition:Cyber insurance]]
* [[Definition:Business interruption insurance (BI)]]
* [[Definition:System failure coverage]]
* [[Definition:Manuscript policy]]
* [[Definition:Coverage dispute]]
{{Div col end}}

Definition:Cryptojacking coverage - Revision history

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