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Estimated Financial Loss due to the Crowd- Strike outage: Parametrix estimates a total loss of $5.4 billion for the Fortune 500, excluding Microsoft. Industry Loss Distribution: The Healthcare sector faces the highest losses, followed by Banking and Airlines. Insured Loss Estimate: Insured losses are expected to fall between $0.54 billion and $1.08 billion, representing 10%-20% of the total financial loss.

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Estimated Financial Loss due to the Crowd- Strike outage: Parametrix estimates a total loss of $5.4 billion for the Fortune 500, excluding Microsoft. Industry Loss Distribution: The Healthcare sector faces the highest losses, followed by Banking and Airlines. Insured Loss Estimate: Insured losses are expected to fall between $0.54 billion and $1.08 billion, representing 10%-20% of the total financial loss.
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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)

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