BENGALURU: Fortune 500 companies witnessed a financial loss to the tune of $5.4 billion due to the CrowdStrike outage, showed a report from cloud outage risk partner Parametrix.
About 25% of Fortune 500 companies experienced disruptions due to the CrowdStrike outage. The report said the most impacted industries were airlines, healthcare, and banking.The insured losses are expected to fall between $0.5 billion and $1 billion, which represent 10-20% of the total financial loss.
On July 19, a widespread tech outage at Microsoft led to significant global disruptions, impacting airlines, hospitals, TV stations, and financial markets. Systems experienced sudden shutdowns and unexpected reboots, causing inconveniences and potential risks to businesses. The root cause of the outage was traced back to a flawed update released for CrowdStrike’s Falcon Sensor platform, which caused Windows devices to crash.
About 25% of Fortune 500 companies experienced disruptions due to the CrowdStrike outage. The report said the most impacted industries were airlines, healthcare, and banking.The insured losses are expected to fall between $0.5 billion and $1 billion, which represent 10-20% of the total financial loss.
On July 19, a widespread tech outage at Microsoft led to significant global disruptions, impacting airlines, hospitals, TV stations, and financial markets. Systems experienced sudden shutdowns and unexpected reboots, causing inconveniences and potential risks to businesses. The root cause of the outage was traced back to a flawed update released for CrowdStrike’s Falcon Sensor platform, which caused Windows devices to crash.