The settlement last week in a $100 million lawsuit over whether insurance giant Zurich should cover losses Mondelez International suffered from NotPetya may very well reshape the entire cyber insurance marketplace. Zurich initially denied claims from Mondelez after the malware, which experts estimate caused some $10 billion in damages globally, wreaked havoc on its computer networks. The insurance provider claimed an act of war exemption since it’s widely believed Russian military hackers unleashed NotPetya on a Ukrainian company before it spread around the world.

* U.S. banks and financial institutions processed more than $1 billion in potential ransomware-related payments in 2021. * It’s a new record and almost triple the amount that was reported the previous year. * Over half the ransomware attacks are attributed to suspected Russian cyber hackers, according to a new report.