Insurer must pay $1.4 billion due to ransomware damage
The U.S.-based Ace Insurance has been forced to pay $1.4 billion to pharmaceutical company Merck. The latter was hit by a ransomware attack by the Russian NotPetya. The insurer did not want to pay out on the grounds that the attack had supposedly been an act of war. The US judge argued that the ... Read more
12 months ago
