How Much Will Crowdstrike Have To Pay CrowdStrike s shares have fallen about 25 since last Thursday s close wiping out about 22 billion in market value The outage ultimately affected 8 5 million PCs and devices running Microsoft s
Somewhat surprisingly particularly given its share price has doubled during the year and was trading on a stratospheric rating shares of CrowdStrike the company at the heart of the outage fell CrowdStrike s botched update caused flight disruptions 911 call issues and medical record blocks CrowdStrike s terms cap liability to fees paid limiting compensation for affected companies
How Much Will Crowdstrike Have To Pay
How Much Will Crowdstrike Have To Pay
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CrowdStrike s outage might have cost the economy tens of billions of dollars said a cyber insurance exec Businesses are turning to their cyber insurance providers to regain their losses Morgan Stanley analysts have checked with CrowdStrike partners and are now slightly more confident in the cybersecurity vendor s recovery after a historic outage
Insurers have begun calculating the financial damage caused by last week s devastating CrowdStrike software glitch that crashed computers canceled flights and disrupted hospitals all around the Delta Air Lines seeks damages from CrowdStrike and Microsoft for a July software outage The outage forced Delta to cancel 6 000 flights potentially costing 350 million to 500 million
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Microsoft estimated that 8 5 million Windows devices were impacted by the CrowdStrike update Additionally organizations will see an increase in CrowdStrike themed social engineering campaigns and other phishing attacks Illegitimate domains were registered using the CrowdStrike name the moment news broke of the incident he said However this is where things get complicated because the insurance companies will go after CrowdStrike aggressively if they have claims to payout and CrowdStrike will defend against them as they
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How Much Will Crowdstrike Have To Pay - Morgan Stanley analysts have checked with CrowdStrike partners and are now slightly more confident in the cybersecurity vendor s recovery after a historic outage