We offer this formula instead: RND(100.0)*(10^9)
The cost of CrowdStrike's apocalyptic Falcon update that brought down millions of Windows computers last week may be in the billions of dollars, and insurance isn't covering most of that.that US Fortune 500 companies – of which around a fourth were impacted – took a $5.4 billion hit from CrowdStrike's broken. This doesn't include losses for Microsoft; Redmond was excluded from the calculations because"they were a key player in the event.
Some industries in the Fortune 500 escaped mostly unscathed. Manufacturing, transportation , and finance only experienced some tens of millions in losses total each, it's estimated, which is bad but not nearly as bad as other sectors. Retail and IT ate half a billion each total, airlines lost $860 million, and an estimated over three billion dollars was destroyed between the banking and healthcare sectors.
On a per-company basis, however, Y2K24 was by far the most expensive for airlines, which on average each lost $143 million, followed by the tech industry at $113 million each on average. According to Parametrix. Pinch of salt?How a cheap barcode scanner helped fix CrowdStrike'd Windows PCs in a flashThe figures from CyberCube are even more dismal, saying insurance will only cover about three to ten percent of losses given the smaller companies involved.
Thankfully, CrowdStrike is working hard to make it up to its teammates and partners that sell the software and provide support for it to customers. These folks were generously offeredfor Uber Eats, which should help pay for maybe half of someone's lunch, some of which were promptly denied due to Uber suspecting the high rate of redemption was an indication of fraud.
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