Fortune 500 firms to see $5.4 billion in CrowdStrike losses: insurer Parametrix
Fortune 500 companies, excluding Microsoft, will face $5.4 billion in financial losses from the recent CrowdStrike outage, insurer Parametrix said on Wednesday.
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CrowdStrike's faulty update to its security software crashed computers powered by Microsoft's Windows operating system, disrupting internet services across the globe and affecting a broad swathe of industries including airlines, banking and healthcare.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitIIT DelhiCertificate Programme in Data Science & Machine LearningVisitMIT xPROMIT Technology Leadership and InnovationVisit Insured losses from the outage will likely total $540 million to $1.08 billion for the Fortune 500 companies, Parametrix said in a statement.
Major cyber insurer Beazley said this week it had no plans to change its guidance on its combined ratio — a key measure of underwriting profitability — after the mass IT outage.
The global insurance and reinsurance industry is likely to avoid any major financial impact from the outage, ratings agency Fitch said on Monday.
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