CNN —Insurers have begun calculating the financial damage caused by last week’s devastating CrowdStrike software glitch that crashed computers, canceled flights and disrupted hospitals all around the globe — and the picture isn’t pretty.
The estimates come the same day that CrowdStrike issued a preliminary report on how it inadvertently caused the widespread IT meltdown.
Numerous Fortune 500 companies use CrowdStrike’s cybersecurity software to detect and block hacking threats.
Only a small portion, around 10% to 20%, may be covered by cybersecurity insurance policies, Parametrix added.
The company routinely tests its software updates before pushing them out to customers, CrowdStrike said in the report.
Persons:
What’s, CrowdStrike, Parametrix, ” Fitch, —, Asia “, ” CrowdStrike, “, Sean Lyngaas
Organizations:
CNN, Fortune, Delta Air Lines, The Department of Transportation, Microsoft, Windows, United, Fitch, CrowdStrike
Locations:
Europe, Asia