“An act of war”: Zurich American refuses to pay out on cyber insurance policy following NotPetya attack
APRIL 3, 2019
US food giant Mondelez is suing insurance company Zurich American for denying a $100 million (£76 million) claim filed after the NotPetya attack. The UK government and the CIA blame the attack on Russian state-sponsored hackers, claiming it was the latest act in an ongoing feud between Russia and Ukraine. In that regard, it was a job well done, with one report estimating that insurers could expect to pay out more than $80 billion (£61 billion) as a result of the attack.