How will the Merck settlement affect the insurance industry?

A major shift in how cyber insurance works started with an attack on the pharmaceutical giant Merck. Or did it start somewhere else?

In June 2017, the NotPetya incident hit some 40,000 Merck computers, destroying data and forcing a months-long recovery process. The attack affected thousands of multinational companies, including Mondelēz and Maersk. In total, the malware caused roughly $10 billion in damage.

NotPetya malware exploited two Windows vulnerabilities: EternalBlue, a digital skeleton key leaked from the NSA, and Mimikatz, …

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