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Costs from the global outage could top $1 billion – but who pays the bill is harder to understand
The world learned relatively quickly that cybersecurity firm CrowdStrike was behind a crippling global tech outage on Friday. But figuring out who will pay the bill for the damages could take a lot longer.
What one cybersecurity expert said appears to be the “” led to the cancellation of more than 5,000 commercial airline flights worldwide and disrupted businesses from retail sales to package deliveries to procedures at hospitals, costing revenue and staff time and productivity. A judge dismissed Securities and Exchange Commission charges against SolarWinds related to a Russian hack of federal government agencies in late 2020. CrowdStrike CEO George Kurtz said in an interview Friday morning on CNBC that the firm has been focused on fixing the continuing problems and that so far, he believed most customers had been understanding.
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