Merck wins Not Petya claim – but the future of cybersecurity insurance is complicated

▤ Summary

The infection wave started in Ukraine and is widely believed to be of Russian origin. Merck was also impacted, citing more than 40,000 infected computers in its network. This, as well as similar cases, including food-company Mondelez, have been closely watched by Cybersecurity experts. Had this decision held up against courts, it would have significantly reduced the usefulness of cybersecurity insurance. The phrasing of the insurance contract is intended to exclude physical acts of war, not cyberattacks.

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