CrowdStrike VP Set to Testify to Congress on IT Outage August 30, 2024 By Jamie Tarabay A senior member of CrowdStrike Holdings Inc.’s operations team is scheduled to appear before Congress to answer questions on the...
Guy Carpenter: ‘Kitty Cat’ CrowdStrike Outage to Cause $300M-$1B in Insured Losses August 2, 2024 By Chad Hemenway Due to the limited amount of impacted companies with insurance and the deployment of a quick fix to mitigate losses,...
Technology’s Grip on Modern Life Pushing Us Down a Path of Digital Land Mines August 2, 2024 By Michael Liedtke “Move fast and break things,” a high-tech mantra popularized 20 years ago by Facebook founder Mark Zuckerberg, was supposed to...
Fortune 500’s Insured Losses for CrowdStrike Could Reach $1 Billion: Parametrix July 24, 2024 The total direct financial loss facing the US Fortune 500 companies, excluding Microsoft, from the CrowdStrike outage on July 19...
WR Berkley CEO: Losses From Tech Outage Expected to Be ‘Manageable’ July 24, 2024 By Chad Hemenway W.R. Berkley CEO W. Robert Berkley, Jr. said the company does not see last week’s global network systems outage “being...
Delta Warns Cancellations to Stretch for Days After Outage July 23, 2024 By Mary Schlangenstein Delta Air Lines Inc. expects to cancel more flights this week as the carrier tries to recover from a crippling...
Trigger Warning: Cyber Policy Wordings to Impact Coverage for Tech Outage July 22, 2024 By Chad Hemenway Industry stakeholders continue to try to get a grasp of the implications from last week’s massive technology outage affecting motley...
Without Backup Plans, Global IT Outages Will Happen Again July 22, 2024 By James Pearson Elements of Friday’s global IT outage, which grounded planes and hit services from banking to healthcare, have occurred before and...
Microsoft: About 8.5M of Its Devices Affected by CrowdStrike-Related Outage July 22, 2024 A global tech outage that was related to a software update by cybersecurity firm CrowdStrike affected nearly 8.5 million Microsoft...