Mondelez International, maker of Oreos and Ritz Crackers, has settled a lawsuit against its cyber insurer after the provider refused to cover a multimillion-dollar clean-up bill stemming from the sprawling NotPetya ransomware attack in 2017.
The snack giant originally brought the suit against Zurich American Insurance back in 2018, after NotPetya had completed its global cyber-ransacking of major multinational corporations, and the case has since been tied up in court. Terms of the deal have not been disclosed, but a “settlement” would indicate a compromise resolution — illustrating just how thorny an issue cyber-insurance exclusion clauses can be.