The Fallout from CrowdStrike's Global IT Outage and Lessons Learned
CrowdStrike, a global leader in cybersecurity technology, recently experienced a global IT outage due to a faulty software update, causing disruptions to businesses and industries across Asia-Pacific. While the impact on the region was limited, questions arise about financial losses and liability.
Insurers estimate that banking, healthcare, and airlines will bear the brunt of the losses, with projected hits to US Fortune 500 companies and the Australian economy. The incident highlights the need for businesses to strengthen backup systems and continuity plans.
However, experts caution that update glitches are common, and businesses should diversify the technologies they rely on. There are calls for greater accountability and collaboration between cybersecurity software vendors and operating system providers to ensure system safety.
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The press radar on this topic:
CrowdStrike CEO Involved In Another Global Tech Disaster Years Ago? Unbelievably, Yes
Asia-Pacific faces fallout from CrowdStrike outage: ‘It will continue to happen’ | South China Morning Post
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