Merck cyber attack may cost insurers US$275 million: Verisk's PCS

NEW YORK: Insurers could pay US$275 million to cover the insured portion of drugmaker Merck & Co's loss from a cyber attack in June, according to a forecast by Verisk Analytics Inc's Property Claim Services unit. Merck, however, has not disclosed the magnitude of its uninsured losses from the "NotPetya" attack, which disrupted production of some Merck medicines and vaccines.

from Biotech News