Bits and bytes do not count…
“Over the course of a three-year court battle, Owners (Insurance Company) asserted that (client) EMOI’s September 2019 ransomware attack lacked a physical dimension and accused the developer of attempting a runaround of its business property policy’s exclusion of ransomware costs. The justices agreed with the insurance company.
‘Software is an intangible item that cannot experience direct physical loss,’ wrote Justice Melody J. Stewart.”
Source: Ohio Supreme Court Says Ransomware Is Not Physical Damage