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Zurich refuses to pay Mondelez for NotPetya damages because it’s ‘an act of war’

Security Affairs

JANUARY 14, 2019

Zurich American Insurance Company is refusing to refund its client because consider the attack as “an act of war” that is not covered by its policy. The overall damages that insurance firms would probably have to cover reach over $80bn. SecurityAffairs – Mondelez, cyber insurance). Pierluigi Paganini.

Insurance 85
Insurance Ransomware Sales Government 85
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ROUNDTABLE: Experts react to President Biden’s exec order in the aftermath of Colonial Pipeline hack

The Last Watchdog

MAY 19, 2021

As wake up calls go, the Colonial Pipeline ransomware hack was piercing. This very high-profile caper is part of an extended surge of ransomware attacks, which quintupled globally between the first quarter of 2018 and the fourth quarter of 2020, and is expected to rise 20 percent to 40 percent this year, according to insurance giant Aon.

Cybersecurity 206
Cybersecurity Government Ransomware Compliance 206
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