Wave Systems Corp. (fka WAVXQ)

[Genz2]

Merck Wins $1.4bn NotPetya Payout from Insurer

https://thecybersecurity.news/general-cyber-security-news/merck-wins-1-4bn-notpetya-payout-from-insurer-16081/?nowprocket=1

Excerpts:

Numerous firms, such as Merck and confectionary big Mondelez, identified their insurance company refusing to fork out mainly because of an exclusion in their coverage for “acts of war.”

Even so, a New Jersey top-quality court docket judge has now ruled that the language therein indicates armed conflict relatively than the cyber form.

Lloyds of London very last November released a new established of clauses that broadened act of war exclusions to “cyber-functions involving states which are not excluded by the definition of war, cyber-war or cyber-functions which have a major detrimental impression on a condition.”
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