CrowdStrike flaw to cost up to US$ 15 billion to companies

This is an estimate by the insurer Parametrix, which said that in the US alone, and in a partial estimate, the damage could be estimated at US$ 5.4 billion. The cybersecurity firm attributed the event to an error in a validator.

The cascading technological errors caused severe damage to computer systems worldwide in one of the most disruptive computer outages in years, highlighting how much the world relies on potentially error-prone software from a handful of companies.

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CrowdStrike flaw to cost up to US$ 15 billion to companies

This is an estimate by the insurer Parametrix, which said that in the US alone, and in a partial estimate, the damage could be estimated at US$ 5.4 billion. The cybersecurity firm attributed the event to an error in a validator.

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