Lian Kit Wee of Business Insider reports that CrowdStrike’s outage might have cost the economy “tens of billions of dollars”. Wee writes:
Friday’s massive CrowdStrike outage grounded businesses and services worldwide to a screeching halt. Now, some of those affected are looking to recoup their losses.
Damages to businesses included grounded flights, which left thousands of passengers stranded at airports, delivery delays, and closed stores and amusement parks.
“Economic damages could reach tens of billions of dollars,” Nir Perry, CEO of cyber insurance risk platform Cyberwrite, told Reuters on Saturday. […]
A portion of insurance claims will likely cover costs like legal fees, personnel, and the loss of employee productivity.
The fallout of the CrowdStrike outage is expected to make waves in the cyber insurance industry as, Perry wrote on LinkedIn, an “event that will be referred to in the years to come when assessing risk.”
Read more here.
Physical Access to Machines Needed for Repairs
The error was committed in the “kernel mode,” which means that every machine needed to be physically accessed to remove “update 291” before the computer could be booted up.
Also, read CrowdStrike’s Falcon Sensor Update 291 for Windows Hosts Details.
