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Affected Companies: About 25% of Fortune 500 companies experienced disruptions due to the CrowdStrike outage. Industry-Specific Impacts: The most heavily impacted industries were Airlines, Healthcare, and Banking. Notably, 100% of the Transpor- tation-Airlines sector was affected. Opportunities for Risk Diversification: The Software & IT-related Services sector, exclud- ing Microsoft, was less impacted, suggesting that (re)insurers can better manage risk by diversifying portfolios to include industries that rely on different service providers.

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Affected Companies: About 25% of Fortune 500 companies experienced disruptions due to the CrowdStrike outage. Industry-Specific Impacts: The most heavily impacted industries were Airlines, Healthcare, and Banking. Notably, 100% of the Transpor- tation-Airlines sector was affected. Opportunities for Risk Diversification: The Software & IT-related Services sector, exclud- ing Microsoft, was less impacted, suggesting that (re)insurers can better manage risk by diversifying portfolios to include industries that rely on different service providers.
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boB Rudis 🇺🇦 🇬🇱 🇨🇦 (hrbrmstr@mastodon.social)'s status on Saturday, 27-Jul-2024 20:06:05 JST boB Rudis 🇺🇦 🇬🇱 🇨🇦

Parametrix did some number crunching and estimates the Fortune 500 took a collective $5.4 billion (USD) hit thanks to CrowdStrike’s apocalyptic Falcon update and the combined failures of CS & impacted F500 orgs to design & run actual resilient IT infrastructure.
https://cdn.prod.website-files.com/64b69422439318309c9f1e44/66a24d5478783782964c1f6f_CrowdStrikes%20Impact%20on%20the%20Fortune%20500_%202024%20_Parametrix%20Analysis.pdf [report PDF]
https://www.parametrixinsurance.com/in-the-news/crowdstrike-to-cost-fortune-500-5-4-billion (PR)

In conversation about 10 months ago from mastodon.social permalink