DLA Piper was recently denied a multimillion-dollar cyber insurance claim following the devastating NotPetya ransomware campaign of 2017.

The firm is preparing to launch a legal case against its insurer Hiscox for failing to pay out, but Hiscox insists the payout is not legal required because of an exclusion clause for attacks that are deemed an “act of war”.

This reasoning is also being used by Zurich, who is refusing to pay out confectionary giant Mondelez after suffering permanent damage to 1,700 servers and 24,000 laptops as well as unfulfilled orders and operational downtime.

Russia has been blamed for the June 2017 attacks, which originated in Ukraine but rapidly spread across the world via the VPNs of multi-nationals with offices in other countries, however, the Five Eyes governments that issued these statements failed to provide concrete evidence to back up their claims, so it won’t be easy for the insurers to make their case in court.

DL Piper was hit hard by the NotPetya ransomware strain after being infected via a supplier. The company’s flat networks stricture is said to have allowed the malware to spread rapidly across the globe. 

As a result, the company was forced to pay 15,000 hours of overtime to IT employees to help recover from the attack. The company was eventually forced to start afresh with its entire Windows environment.

The likelihood of suffering from a ransomware attack is constantly increasing, so organizations need to take the necessary steps to avoid as much damage as possible. This starts with keeping computer systems up to date on security patches, hardening systems using CIS Benchmark guidance, and continuously monitoring for unplanned or unauthorized changes to your trusted baseline.

NNT Suite of Products

change tracker gen7r2 logo

Combine industry leading Device Hardening, File Integrity Monitoring, Change Control, Configuration Management & Compliance Management into one easy to use solution that can scale to the most demanding environments!

fastcloud logo

Automatically evaluate and verify the authenticity of file changes in real-time with NNT FAST™ (File Approved-Safe Technology) Integrity Assurance.

log tracker logo logo

Comprehensive and easy to use security information & event log management with intelligent & self-learning correlation technology to highlight potentially harmful activity in seconds.

vulnerability tracker logo

Continuously scan and identify vulnerabilities with unparalleled accuracy and efficiency, protecting your IT assets on premises, in the cloud and mobile endpoints.

USA Offices
New Net Technologies LLC
Naples
Suite #10115, 9128 Strada Place
Naples, Florida, 34108
Atlanta
1175 Peachtree St NE
Atlanta, Georgia, 30361.
Portland
4145 SW Watson, Suite 350
Beaverton, Oregon, 97005.

Tel: (844) 898-8358
email [email protected]
UK Office
New Net Technologies Ltd
Rivers Lodge, West Common
Harpenden, Hertfordshire
AL5 2JD

Tel: 01582 287310
email [email protected]
CIS benchmarking SEWP Cybersecurity 500Sans Institute Now Certified
Copyright 2019, New Net Technologies LLC. All rights reserved. 
NNT and Change Tracker are registered trademarks of New Net Technologies LLC.
All other product, company names and trademarks are the property of their respective owners.