A Cyber Insurance Backstop

In the first week of January, the pharmaceutical giant Merck quietly settled its years-long lawsuit over whether or not its property and casualty insurers would cover a $700 million claim filed after the devastating NotPetya cyberattack in 2017. The malware ultimately infected more than 40,000 of...

Insurance Coverage for NotPetya Losses

Tarah Wheeler and Josephine Wolff analyze a recent court decision that the NotPetya attacks are not considered an act of war under the wording of Mercks insurance policy, and that the insurers must pay the $1B+ claim. Wheeler and Wolff argue that the judge "did the right thing for the wrong...

Cyberinsurance companies don’t want to pay out for “acts of war”

Due to the evolving and growing impact of cybersecurity incidents there are some questions starting to arise about the way that insurance companies deal with the costs that are the results of such incidents. Cyber insurance is a form of cover designed to protect your business from threats in the...

Merck Wins Insurance Lawsuit re NotPetya Attack

The insurance company Ace American has to pay for the losses: On 6th December 2021, the New Jersey Superior Court granted partial summary judgment attached in favour of Merck and International Indemnity, declaring that the War or Hostile Acts exclusion was inapplicable to the dispute. Merck...

Merck Awarded $1.4B Insurance Payout over NotPetya Attack

Unsealed court records show pharmaceutical giant Merck was awarded a $1.4 billion payout last month on its property insurance policy, for losses the company suffered because of the 2017 NotPetya cyberattacks. Merck’s cyber-insurance company, International Indemnity, was claiming the losses fell...

jira-regdev.merckgroup.com Improper Access Control vulnerability

Security Researcher Nep13371998 Helped patch 562 vulnerabilities Received 4 Coordinated Disclosure badges Received 7 recommendations , a holder of 4 badges for responsible and coordinated disclosure, found a security vulnerability affecting jira-regdev.merckgroup.com website and its users...

e-connect.merck.co.th XSS vulnerability

Open Bug Bounty ID: OBB-568991 Description| Value ---|--- Affected Website:| e-connect.merck.co.th Open Bug Bounty Program:| Create your bounty program now. It's open and free. Vulnerable Application:| Custom Code Vulnerability Type:| XSS Cross Site Scripting / CWE-79 CVSSv3 Score:| 6.1...

Maersk Shipping Reports $300M Loss Stemming from NotPetya Attack

A.P. Moller-Maersk, the world’s largest container ship and supply vessel company, said Tuesday that it would incur hundreds of millions in U.S. dollar losses due to the NotPetya wiper malware attacks of late June. In its second quarter earnings report, Maersk executives said they were expecting...

Ukrainian Man Arrested, Charged in NotPetya Distribution

The Cyber Police of Ukraine arrested a suspect they allege distributed the destructive NotPetya/ExPetr malware resulting in the infection of 400 computers. NotPetya/ExPetr was the malware behind a massive global cyberattack that took place earlier this year. It infected computers worldwide with...

Pharmaceutical Giant Still Feeling NotPetya's Sting

NotPetya was massive shift in malware tactics as what was initially believed to be another global ransomware attack on par with WannaCry was instead a wiper in disguise. It claimed thousands of victims worldwide, including some of the highest profile manufacturers, critical infrastructure provide...

Complex Petya-Like Ransomware Outbreak Worse than WannaCry

Join Kaspersky Lab and Comae Technologies Thursday June 29, 2017 at 10 a.m. Eastern time for a webinar “The Inside Story of the Petya/ExPetr Ransomware.” Click here to attend. The attackers behind today’s global ransomware outbreak are spreading the malware using a modified version of the leaked...

Merck PTE - Dangerous filesystem permissions, WebView code execution vulnerabilities

HackApp vulnerability scanner discovered that application Merck PTE published at the 'play' market has multiple vulnerabilities...