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
-
- Solution Architect - OUTSIDE IR35 - Contract- SC / DV - London
- London
- OUTSIDE IR35
-
Solution Architect For a London based Contract This is an Outside IR35 project. MUST have a minimum of an ACTIVE - SC clearance and be willing to be put through DV clearance. 6 month rolling Immediate Experience delivering technical Security Architecture design / assurance of security design. Cross domain experience desirable HLD / LLD London commutable Immediately interviewing.
-
- Microsoft Sentinel Architect
- Netherlands
- discussed on applications
-
Microsoft Sentinel Architect We're seeking a talented and experienced Microsoft Sentinel Architect to be responsible for the design, deploy of a new Sentinel solution into an expanding Services business. As a key member of our team, you'll play a vital role in driving security operations and protecting clients' assets. Responsibilities: Solution Design:Develop comprehensive Microsoft Sentinel architectures aligned with our clients' specific needs and industry best practices. Deployment and Configuration:Oversee the deployment and configuration of Sentinel components, including data connectors, analytics rules, and playbooks. Integration:Integrate Sentinel with other security tools and platforms within our MSSP ecosystem. Tuning and Optimization:Continuously monitor and optimize Sentinel performance to ensure maximum effectiveness and efficiency. Training and Mentoring:Mentor junior team members and provide training on Sentinel technologies and best practices. Required Skills and Experience: Proven experience as a Microsoft Sentinel Architect with a deep understanding of its capabilities and limitations. Strong technical skills in Azure, security operations, and data analytics. Experience designing and implementing complex security solutions, into a services environment Knowledge of threat intelligence, incident response, and compliance frameworks. Excellent communication and problem-solving skills.
-
- Microsoft Sentinel Architect
- Spain
- discussed on applications
-
Microsoft Sentinel Architect We're seeking a talented and experienced Microsoft Sentinel Architect to be responsible for the design, deploy of a new Sentinel solution into an expanding Services business. As a key member of our team, you'll play a vital role in driving security operations and protecting clients' assets. Responsibilities: Solution Design: Develop comprehensive Microsoft Sentinel architectures aligned with our clients' specific needs and industry best practices. Deployment and Configuration: Oversee the deployment and configuration of Sentinel components, including data connectors, analytics rules, and playbooks. Integration: Integrate Sentinel with other security tools and platforms within our MSSP ecosystem. Tuning and Optimization: Continuously monitor and optimize Sentinel performance to ensure maximum effectiveness and efficiency. Training and Mentoring: Mentor junior team members and provide training on Sentinel technologies and best practices. Required Skills and Experience: Proven experience as a Microsoft Sentinel Architect with a deep understanding of its capabilities and limitations. Strong technical skills in Azure, security operations, and data analytics. Experience designing and implementing complex security solutions, into a services environment Knowledge of threat intelligence, incident response, and compliance frameworks. Excellent communication and problem-solving skills.
-
- Microsoft Sentinel Architect
- United Kingdom
- discussed on applications
-
Microsoft Sentinel Architect We're seeking a talented and experienced Microsoft Sentinel Architect to be responsible for the design, deploy of a new Sentinel solution into an expanding Services business. As a key member of our team, you'll play a vital role in driving security operations and protecting clients' assets. Responsibilities: Solution Design: Develop comprehensive Microsoft Sentinel architectures aligned with our clients' specific needs and industry best practices. Deployment and Configuration: Oversee the deployment and configuration of Sentinel components, including data connectors, analytics rules, and playbooks. Integration: Integrate Sentinel with other security tools and platforms within our MSSP ecosystem. Tuning and Optimization: Continuously monitor and optimize Sentinel performance to ensure maximum effectiveness and efficiency. Training and Mentoring: Mentor junior team members and provide training on Sentinel technologies and best practices. Required Skills and Experience: Proven experience as a Microsoft Sentinel Architect with a deep understanding of its capabilities and limitations. Strong technical skills in Azure, security operations, and data analytics. Experience designing and implementing complex security solutions, into a services environment Knowledge of threat intelligence, incident response, and compliance frameworks. Excellent communication and problem-solving skills.