CrowdStrike Outage Could Cost Cyber Insurers $1.5 Billion
Data Breach Today
JULY 29, 2024
Most Claims Will Be Made Under 'Systems Failure' Coverage, Says Moody's Ratings The global IT outage triggered by a faulty CrowdStrike software update could lead to $400 million to $1.5 billion in payouts to cyber insurance policyholders, although the nonstandardized language used for such policies will make determining final losses a "lengthy process," analysts say.
Let's personalize your content