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CyberSecurity
Hacks can cost businesses millions. Insurers may refuse to pay up

Hacks can cost businesses millions. Insurers may refuse to pay up

CNN - By Ivana Kottasová, CNN Business

London (CNN Business) — Cyberattacks are a nightmare for chief executives. To make matters worse, their insurers may refuse to pay up for damage the hackers do to their business. A dispute between food and beverage giant Mondelez and Zurich Insurance (ZURVY) shows just how much is at stake. Mondelez …

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