Submission + - Is cyberwarfare war? Insurers balk at paying for some cyberattacks 1
Lasrick writes: In an era of unceasing cyberattacks, including cases of state-sponsored hacking, insurance companies are beginning to re-interpret an old line in their contracts known as the “war exclusion.” Take the case of snack company Mondelez International, hit in the so-called “NotPetya” attack of 2017. Zurich Insurance rejected a $100 million claim from the company after the White House, in January 2018, attributed the NotPetya attack to the Russian military. Mondelez filed a lawsuit last fall, so the question for Zurich is whether the chain of events that led to NotPetya striking down Mondelez’s network qualifies as warfare. A court ruling in favor of Zurich could make cyberwar much more real, and costly.
Is cyberwarfare war? Insurers balk at paying for some cyberattacks More Login
Is cyberwarfare war? Insurers balk at paying for some cyberattacks
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