Cybersecurity and Insurance
Insurance is a funny business. Life insurance, for example, is essentially betting someone you will die before your time. With the recent focus on companies getting hacked, it isn’t surprising that cybersecurity insurance is now big business. Get hacked and get paid. Maybe.
The reason I say maybe is because of the recent court battle between Zurich and Mondelez. Never heard of them? Zurich is a big insurance company and Mondelez owns brands like Nabisco, Oreo, and Trident chewing gum, among others.
It all started with the NotPetya ransomware attack in June of 2017. Mondelez is claiming it lost over …read more