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Insured losses from CrowdStrike outage could reach US$1.5 billion

By Staff Writer

Jul 26 2024 6:22AM

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 ...

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