Court Rules in Favor of Merck in $1.4 Billion Insurance Claim Over NotPetya Cyberattack
The Superior Court of New Jersey Appellate Division has ruled in favor of Merck in its $1.4 billion claim against the insurance industry for denying payment for damages caused by the 2017 NotPetya cyberattack. Merck did not have separate cyber insurance, and instead relied on the ‘all risks’ element of its property insurance. According to…