Insurer rejects insurance claim for NotPetya ransomware attack as "Act of War"

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2019-01-11
Welcome to 2019. In 2017, U.S. snack food manufacturer Mondelez was attacked by the NotPetya ransomware, losing 1700 servers and 24,000 laptops. NotPetya's attack mode is to encrypt a drive's file system table and prevent the system from booting - essentially bricking the device. While events like this are not surprising, what is surprising is that Zurich reinsurance refused to cover the event (clean up, etc.), claiming that Mondelez's cyberinsurance coverage was considered an "act of war" and excluded by the terms of the insurance policy. Although acts of war and force majeur events are routine insurance policy exclusions, this is the first reported (but not unexpected) cyberinsurance claim rejection based on an "act of war." Security experts (and reportedly the U.K.) believe Russia is responsible for the ransomware's development and dissemination. NotPetya is believe to be The upshot: Mondelez is suing its Zurich for 100 million dollars.  Shout out to the Reg; https://www.theregister.co.uk/2019/01/11/notpetya_insurance_claim/

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