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Merck settles with insurers regarding a $1.4 billion claim over NotPetya damages

Security Affairs

Merck has resolved a dispute with insurers regarding a $1.4 Merck and its insurers have agreed with a $1.4 known as Merck Sharp & Dohme (MSD) outside the United States and Canada, is an American multinational pharmaceutical company. billion insurance claim for the losses caused by the NotPetya attack that took place in 2017.

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A Cyber Insurance Backstop

Schneier on Security

In the first week of January, the pharmaceutical giant Merck quietly settled its years-long lawsuit over whether or not its property and casualty insurers would cover a $700 million claim filed after the devastating NotPetya cyberattack in 2017. The 9/11 attacks cost insurers and reinsurers $47 billion.

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2019 end-of-year review part 1: January to June

IT Governance

This meant they weren’t encrypted, making them freely accessible to as many as 20,000 employees, most of whom had no legitimate reason to access the information. Among other news: Users of Pandora and Clifford car alarms learned that they were at risk of having their car stolen due to a security vulnerability.

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The Week in Cyber Security and Data Privacy: 26 February – 3 March 2024

IT Governance

Affected information includes users’ names, email addresses, IP addresses and encrypted passwords. TB Turtlemint Source (New) Insurance India Yes 1,800,000 Chunghwa Telecom Source (New) Telecoms Taiwan Yes 1.7 The threat actor, KryptonZambie, listed a 5.93

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The Good, Bad, And The Ugly: Key Takeaways From California’s New Privacy Law

Privacy and Cybersecurity Law

Thus, if a business encrypts the personal information of the consumer, and that information is stolen, there will be no private right of action under the CCPA. Sounds cybersecurity practices are also key to mitigating liability under the new law. That does not mean, however, that the business would be completely off the hook. Code § 56.05(j).

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