Mondelez claimed $100 million on its insurance policy because it believed the permanent damage to 1,700 of its servers and 24,000 laptops, inflicted by NotPetya, plus the theft of thousands of user credentials, unfulfilled customer orders and other losses fell under the provision of its insurance policy that covered "physical loss or damage to electronic data, programs, or software" caused by "the malicious introduction of a machine code or instruction." (Photo: Shutterstock) New world of cyberattacks: $100 million lawsuit against Zurich
The legal action asserts that Zurich's application of the exclusion to a cyberattack was unprecedented.
January 11, 2019 at 12:41 PM
5 minute read
The original version of this story was published on Law.com
The $100 million lawsuit that Mondelez, the maker of Oreos and Cadbury chocolate, has brought against Zurich Insurance Group shows that governments should be more careful about identifying the would-be culprits in putative cyberwars: Such claims can have unintended consequences, and can sometimes harm businesses.
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