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:

Most Read Articles

CBA using facial recognition logins to verify disputed payments

CBA using facial recognition logins to verify disputed payments

Qantas obtains court order to prevent third-party access to stolen data

Qantas obtains court order to prevent third-party access to stolen data

Cloudflare makes changes to avoid repeat of 1.1.1.1 DNS outage

Cloudflare makes changes to avoid repeat of 1.1.1.1 DNS outage

Researchers demo AI-crippling GPUHammer attack

Researchers demo AI-crippling GPUHammer attack

Log In

  |  Forgot your password?