War or Cost of Doing Business? Cyber Insurers Hashing Out Exclusions
January 11, 2024 at 09:43AM Merck settled a legal battle with insurance companies over $1.4 billion in claimed damages caused by the NotPetya cyberattack, challenging hostile/warlike act exclusion clauses. The resolution is significant for businesses amid increasing cyberattacks. Although insurance firms clarify act-of-war clauses, companies must carefully review coverage to mitigate risks from complex cyberthreats. … Read more