Pharmaceutical giant Merck has reportedly reached a settlement with insurers over their refusals to cover losses stemming from the NotPetya cyberattack in 2017.
In early 2022, a New Jersey court ruled that the warfare exemption did not apply to the case - a ruling that was upheld in appellate court last year.
Since the NotPetya attacks, some measures have been taken to clarify which sorts of attacks are subject to exemptions.
In another case arising from the NotPetya attacks, the food giant Mondelez settled with the insurer Zurich in 2022 over its denial of a $100 million claim on similar grounds.
Investigation of xDedic cybercrime site reaches 'culmination,' US says.
West Virginia city latest municipality hit with cyberattack.
James Reddick has worked as a journalist around the world, including in Lebanon and in Cambodia, where he was Deputy Managing Editor of The Phnom Penh Post.
He is also a radio and podcast producer for outlets like Snap Judgment.
This Cyber News was published on therecord.media. Publication date: Fri, 05 Jan 2024 18:00:05 +0000