This is a case that will test the limits of exclusion in the brave new world of cybersecurity insurance. Basically, the insurance company is refusing to pay for cybersecurity related damages by citing an exclusion clause which states the malware was created as part of a cyber warfare.
What if courts and lawyers actually start believing the cyberwar narrative and acting as if any damage caused to Western companies is uninsurable war damage?
What will happen to the insurance of cyber risks if any attack could potentially be declared part of a war?
Source: Mondelez Lawsuit Shows the Dangers of Attributing Cyberattacks – Bloomberg