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CrowdStrike global outage to cost US Fortune 500 companies $5.4bn

CrowdStrike global outage to cost US Fortune 500 companies $5.4bn

CrowdStrike's faulty update caused a global technology outage, costing US Fortune 500 companies $5.4bn. The outage, excluding Microsoft, affected banking, healthcare, and major airlines, with insured losses estimated between $540m and $1.08bn. CrowdStrike's bug crashed 8.5m Windows machines, with the company planning increased software testing and gradual rollouts to prevent future failures.


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