A thoroughly researched well written article published by Bloomberg this week delves into the cyberattack that crippled more than 30,000 laptop and desktop computer at industry leader Merck. The attack new no boundaries, effectively taking hostage the company’s sales, manufacturing and research units for a couple of weeks. In the end, Merck would claim $1.3 billion in related losses and seek to recover the monies through its insurance. However, in a move that surprised the biopharma giant, no fewer than 30 of its insurers and reinsurers denied coverage. The reason they all gave, Merck’s property policies specifically excluded coverage of an “act of war”. Learn More