https://www.irishtimes.com/business/technology/mondelez-sues-zurich-over-100m-cyberhack-insurance-claim-1.3753475
The Irish Times
January 10, 2019
Mondelez, the US food company that owns the Oreo and Cadbury brands, is suing
its insurance company, Zurich, for refusing to pay out on a $100 million claim
for damage caused by the NotPetya cyberattack.
The case will be the first serious legal dispute over how companies can recover
the costs of a cyberattack, as insurance groups seek to tightly define their
liabilities.
"It's a pretty big deal. I’ve never seen an insurance company take this
position," said Robert Stines, a cyberlaw specialist at the US law firm
Freeborn. "It's going to send ripples through the insurance industry. Major
companies are going to rethink what's in their policies."
The NotPetya attack in the summer of 2017 crippled the computer systems of
companies around the world, including Merck, the pharmaceuticals company,
Reckitt Benckiser, the consumer group, and Maersk, the world's largest shipping
group.
[...]
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