Mondelez sues Zurich for refusing to pay-up over NotPetya cyber attack
Mondelez is suing Zurich Insurance for its refusal to pay-up on a $100 million claim relating to the NotPetya virus outbreak in 2017.
Mondelez has filed suit in Illinois, according to the Financial Times. The food conglomerate that acquired Cadbury in 2010 had been seeking the insurance pay-out under the terms of its property cover, which is underwritten by the Swiss insurance giant.
In those papers, Mondelez claimed that the company had been hit twice by NotPetya, rendering 1,700 servers and 24,000 laptops "permanently dysfunctional" as a result.
Under the terms of the property insurance policy, Mondelez claims that it was entitled to claim for up to $100 million for "physical loss or damage to electronic data, programs, or software, including physical loss or damage caused by the malicious introduction of a machine code or instruction".
However, while Zurich was initially prepared to make an interim $10 million up-front payment, it later refused to pay, citing an exclusion clause for a "hostile or warlike action" by a sovereign power, or people acting on their behalf.
Zurich was able to cite security experts' claims that the NotPetya attack appeared to have been one of many launched by Russia against its neighbour Ukraine.
NotPetya struck in June 2017, just one month after WannaCry. Both made use of the same EternalBlue exploit that older, unpatched versions of Microsoft Windows were vulnerable to.
EternalBlue was revealed following the Shadow Brokers series of leaks of US National Security Agency exploits. These started in the summer of 2016, with EternalBlue part of the fifth and final tranche of leaks in April 2017. The Windows security flaw that EternalBlue took advantage of had been patched a month earlier.
The initial NotPetya attack vector was the poorly secured update server of a Ukrainian accounting company, whose software is used by around four-fifths of business in the former Soviet state. This enabled the virus to be quickly propagated, not just to organisations across Ukraine, but multinationals operating in the country.
An ensuing investigation found that the update servers of the accounting firm, ME Doc, hadn't been patched in four years. The outbreak occurred on the even of the Constitution Day public holiday in Ukraine.
source computing
Industry: Cyber Security News
Latest Jobs
-
- Account Director | Cyber Security Consulting | UK - South East
- London
- N/A
-
Account Director | Cyber Security Consulting - Financial Services | UK - South East. New Role due to Growth We are looking for an experienced Account Director to develop and expand existing relationships across the financial services sector, working with investment firms, asset managers, private equity groups and strategic partners to deliver intelligent cyber consulting and a bespoke Cyber product offerings. You will act as a trusted advisor, helping organisations strengthen digital resilience, manage third-party and regulatory risk and adopt a proactive approach to cyber assurance. Key Responsibilities Manage a defined portfolio of financial clients, understanding business priorities and aligning tailored cyber solutions. Drive new client engagement while nurturing existing partnerships through a consultative, long-term approach. Present the benefits of advanced cyber services including threat intelligence, vulnerability management, incident readiness, and continuous risk monitoring. Collaborate with technical and delivery teams to ensure smooth engagement from proposal through to implementation and ongoing support. Prepare proposals, negotiate commercial terms, and clearly articulate value and business outcomes. Build trusted relationships at senior and board level. Ideal Profile Strong background in cybersecurity, consulting, or risk management within financial services. Skilled communicator with proven success managing and growing key accounts. Able to translate complex technical insight into commercial and strategic value for clients. Confident engaging with senior stakeholders and decision makers. Please note: Sponsorship is not available.
-
- SOC Analyst- Level 2- Hybrid Greater London
- London
- N/A
-
SOC Analyst- Level 2- Hybrid Greater London New opportunity created through continued growth. We’re looking for a SOC Analyst (Level 2) to strengthen a growing managed security team. You’ll work hands-on with Microsoft Sentinel and Defender XDR, investigating alerts, responding to incidents, and helping improve how clients stay protected. This role is ideal for someone who enjoys unravelling security events, thinking critically under pressure, and making a real difference day to day. What you’ll do · Investigate and respond to security activity across SIEM and endpoint tools · Analyse network and log data to uncover real threats · Support automation initiatives to streamline response processes · Help maintain visibility, data flow, and performance across SOC platforms What you’ll need · Practical experience using Microsoft Sentinel and Defender XDR · Confident working with KQL or similar query languages · Understanding of attacker tactics and response techniques · SC-200 certifications would be nice. · Experience supporting multiple customer environments Please note: Sponsorship is not available.
-
- Senior SOC Engineer - UK - New role due to growth
- London
- N/A
-
Senior SOC Engineer – New role due to growth We are hiring a Senior SOC Engineer to take the lead across security operations for a growing managed service. You will lead detection, response and onboarding activity across multiple clients, helping shape how the SOC evolves. Expect variety; from fine-tuning alerts and threat hunting to supporting customers and mentoring junior analysts. What you’ll bring · Strong experience across SIEM, EDR, and threat detection tools · Confident working with customers in a managed service environment · Skilled in scripting or query languages such as KQL or PowerShell · Knowledge of frameworks like NIST, ISO27001, MITRE ATT&CK · Calm communicator with a problem-solving mindset · Experience with Azure Lighthouse or delegated access models · Prior involvement in automation or SOC improvement projects Location: South East England- Hybrid role Please note: Sponsorship cannot be offered now or in the future.
-
- SENIOR Cyber Risk Consultant. Cyber Risk consultancy - the right way. UK. Hybrid - Remote first
- United Kingdom
- N/A
-
Senior Cyber Risk Consultant needed. New position due to growth Seeking a passionate Cyber Security Risk Consultant who enjoys helping clients make a different to their business. Dedicated training budgets, Unlimited holiday structured career path, Work life balance guaranteed Cyber Risk consultancy done the right way. A successful individual will have experience working with clients to identify business cyber security risk. This is a remote first opportunity which means you will spend the majority of your time working remotely. You will however spend some time meeting clients as well as meeting up with the team on a monthly basis.. Some of the nice to have certifications. CRISC, ISO27001 Lead implementer, CISA, CISM, CISSP Unable to offer Visa sponsorship now or in the future.