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”.