Mondelez and Zurich’s NotPetya cyber-attack insurance settlement leaves behind no legal precedent

Multinational food and beverage company Mondelez International and Zurich American Insurance have settled their multiyear litigation surrounding the cyberattack coverage – or lack of such coverage – following the NotPetya malware attack that damaged the Mondelez network and infrastructure. The specifics of the settlement are unknown, but that it would come mid-trial has caught everyone’s attention.

The pain was felt on June 27, 2017, when NotPetya wiped out 24,000 laptops and 1,700 servers within the Mondelez network. The malware, designed to destroy, did just that. Mondelez estimated damages would approach $100 million USD.

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