Phil Muncaster reports that a major law firm has itself as a client in case that reminds us that attribution of a hack or malware attack can have all kinds of implications and consequences:
DLA Piper has become the latest big name to be denied a multimillion-dollar cyber insurance claim following major losses caused by the NotPetya ‘ransomware’ campaign of 2017.
The multi-national law firm is said to be launching a legal case against its insurer Hiscox for failing to pay out. It appears as if the insurer is holding out because of an exclusion clause for attacks that are deemed an “act of war.”
That’s the same reason that insurance giant Zurich is said to be refusing to pay out a similar multimillion dollar claim from confectionary giant Mondelez.
Read more on InfoSecurity Magazine.