Fortune 500 firms to see $5.4 billion in CrowdStrike losses, says insurer Parametrix


FILE PHOTO: People walk next to blacked out digital billboards at Macy's Herald Square following a global IT outage, in New York City, U.S. July 19, 2024. REUTERS/David 'Dee' Delgado/File Photo

LONDON (Reuters) - U.S. Fortune 500 companies, excluding Microsoft, will face $5.4 billion in financial losses from the recent CrowdStrike outage, insurer Parametrix said on Wednesday.

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.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

TikTok: key things to know
Clean, limitless energy exists. China is going big in the race to harness it.
Opinion: Top 10 video games of 2025
TikTok signs deal to sell US unit to American investor-led venture
US energy regulator directs PJM to launch rules on AI connections
US Energy Department signs AI collaboration deals with Big Tech for Genesis Mission
Instacart to pay $60 million to settle FTC claims it deceived shoppers
SpaceX loses contact with Starlink satellite after mishap
Mexico antitrust body says Google cannot impose use of Android on mobile device manufacturers
Lawmakers raise concerns about Echostar deals to sell wireless spectrum to AT&T, SpaceX

Others Also Read