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Cadbury Owner Mondelez Sues Insurance Firm Over Cyber Attack Non-Payout

Multinational food and beverage company, Mondelez, has launched a legal case against its insurance provider, Zurich after it rejected a $100 million (£78.5 million) claim for damage caused by a ransomware attack.

The firm, which owns the Cadbury, Toblerone and Ritz brands, was hit twice by NotPetya ransomware in 2017. Mondelez claimed that the attack had left 1,700 of its servers and 24,000 laptops “permanently dysfunctional”.

It said its property insurance policy with Zurich covered “physical loss or damage to electronic data, programs, or software, including physical loss or damage caused by the malicious introduction of machine code or instruction”.

Threat Landscape Report: Virtually No Firm is Immune from Severe Exploits

With over 100,000 known exploits, most organizations cannot patch vulnerabilities fast enough to keep up. This indicates that cybercriminals are not only developing new technologies and strategies to exploit potential victims, but they are also becoming more selective in the way they leverage those exploits, focusing on those that will generate the biggest bang for the buck.