Insured losses from CrowdStrike outage could reach US$1.5 billion

By

Counting the costs of IT outage.

Insured losses from CrowdStrike outage could reach US$1.5 billion
Global insured losses from last week's massive IT outage are likely to range from US$400 million to US$1.5 billion ($612 million to $2.3 billion), cyber analytics firm CyberCube said. A software bug in cyber security firm CrowdStrike's quality-control system caused the software update that ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:
crowdstrikeinsurancesecurity

Sponsored Whitepapers

Optus Enterprise Mobility
Optus Enterprise Mobility
Life After VMware: Scale Securely with mCloud by Micron21
Life After VMware: Scale Securely with mCloud by Micron21
Cut Cloud Costs Without Compromise: Discover mCloud by Micron21
Cut Cloud Costs Without Compromise: Discover mCloud by Micron21
What 4 wholesale distribution challenges aren’t going away anytime soon?
What 4 wholesale distribution challenges aren’t going away anytime soon?
State of the SOC: Building Resilience in a Shifting Threat Landscape
State of the SOC: Building Resilience in a Shifting Threat Landscape

Events

Most Read Articles

Phishing attack nets enormous npm supply chain compromise

Phishing attack nets enormous npm supply chain compromise
"VoidProxy" PhishKit targets Google and Microsoft users

"VoidProxy" PhishKit targets Google and Microsoft users
Apple adds "mercenary spyware" protection to new A19 chip

Apple adds "mercenary spyware" protection to new A19 chip
VicRoads to phase out passwords in favour of passkeys

VicRoads to phase out passwords in favour of passkeys
techpartner.news logo
Dave Stevens on Brennan's evolution and the need for Aussie tech unity
Dave Stevens on Brennan's evolution and the need for Aussie tech unity
Sydney's ITKnocks on contact centre AI and the slow death of the IVR
Sydney's ITKnocks on contact centre AI and the slow death of the IVR
"It's an exciting time to be part of the health and aged care sector"
"It's an exciting time to be part of the health and aged care sector"
Insicon founder Matt Miller on the coming 'tsunami' of compliance and educating boards about cyber security
Insicon founder Matt Miller on the coming 'tsunami' of compliance and educating boards about cyber security
Orro claims Australia first with managed digital asset discovery service
Orro claims Australia first with managed digital asset discovery service

Log In

  |  Forgot your password?