War, Hunh. Yeah. What is it Good For? Reducing Insurer Liability for Cyberattacks
A New Jersey court recently ruled that an insurer was not relieved from its obligation to pay for Merck’s losses after a Russian NotPetya cyberattack. The insurer claimed its ‘Act of War’ exclusion applied to the company’s cyberinsurance policy; the court disagreed. The rise of cyberattacks has led to a significant increase in the demand..