Insurer Parametrix estimates that the global outage sparked by CrowdStrike's faulty update will cost US Fortune 500 companies, excluding Microsoft, $5.4B
Banking and healthcare firms, major airlines expected to suffer most losses, according to insurer Parametrix
The Guardian Nick Robins-Early
Related Coverage
- CrowdStrike offers a $10 apology gift card to say sorry for outage TechCrunch · Lorenzo Franceschi-Bicchierai
- View article CRN
- View article Livemint
- We finally know what caused the global tech outage - and how much it cost CNN · Brian Fung
- Insured losses from CrowdStrike outage could reach $1.5 bln, CyberCube says Reuters · Carolyn Cohn
- How much did the Crowdstrike IT outage cost? Silicon Republic · Vish Gain
- CrowdStrike sent its partners $10 Uber Eats gift cards as an apology for mass IT outage Business Insider
- AirAsia's Tony Fernandes wants Microsoft compensation for the CrowdStrike outage: ‘If I delay my flight, you would come after me for a refund’ Fortune · Lionel Lim
- CrowdStrike Sends $10 Gift Cards to IT Workers as Mea Culpa Bloomberg · Jake Bleiberg
- CrowdStrike backlash over $10 apology voucher BBC
- Stock Sell-Off, OneStream and AI The Information · Cory Weinberg
- CrowdStrike outage could cost Fortune 500 companies US$5.4bn Cyber Daily · David Hollingworth
- CrowdStrike's IT outage costs companies over $5B Semafor · Diego Mendoza
- Cyber Insurance Won't Cover Billions in CrowdStrike Losses The Cyber Express · Paul Shread
- CrowdStrike to Cost Fortune 500 $5.4 billion Parametrix Cloud Insurance
- Fortune 500 lost an estimated $5.4B in CrowdStrike outage Axios · Sam Sabin
- CrowdStrike's Outage Cost Billions And Its Reported Apology Only Makes Things Worse SlashGear · Nadeem Sarwar
- Fortune 500 firms to see $5.4 bln in CrowdStrike losses, says insurer Parametrix Reuters
- Fortune 500 firms to see US$5.4-billion in CrowdStrike losses, insurer Parametrix claims Reuters
- CrowdStrike is sending customers affected by last week's outage a $10 UberEats gift card Neowin · John Callaham
- The CrowdStrike tech outage cost the biggest companies more than $5 billion Quartz · Rocio Fabbro
- Caught in the CrowdStrike Outage? Here's How to Get Compensated. New York Times · Christine Chung
- CrowdStrike says the problematic July 19 software update that brought down 8.5M Windows PCs was deployed into production due to “a bug in the Content Validator” The Register · Simon Sharwood
- CrowdStrike offers $10 gift card apology for $5bn outage The Independent · Anthony Cuthbertson
- Fortune 500 Losing $5.4 Billion from CrowdStrike Outage Channel Futures · Edward Gately
- CrowdStrike reveals cause of faulty update that led to Windows crashes SiliconANGLE · Maria Deutscher
- CrowdStrike global outage to cost US Fortune 500 companies $5.4B Hacker News
- CrowdStrike offers a $10 apology gift card to say sorry for outage Hacker News
Discussion
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@gossithedog
Kevin Beaumont
on x
Hell of a journey here this year - TCS migrated to CrowdStrike, announced a strategic partnership, all their systems got nuked, then they got a $10 Uber Eats voucher (which got withdrawn as it got flagged as fraud) [image]
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@shriramkmurthi
@shriramkmurthi
on x
Many people probably don't remember that in the aftermath of the Gimli Glider (Air Canada flight that had to emergency land due to being out of fuel—40y01d ago), Air Canada dispatched a van to assess damage...which also ran out of fuel. Same energy.
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@netcapgirl
Sophie
on x
“sorry we crashed billions of windows machines, grounded flights and left you unable to run your business. have a coffee on us” [image]
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@gergelyorosz
Gergely Orosz
on x
After such a devastating incident that CrowdStrike caused, two things could happen: 1. A “come to Jesus” moment that really changes the company's culture for the better, and the long-term. The company (eventually) bounces back. 2. Performative actions; nothing really changes.
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@gossithedog
Kevin Beaumont
on x
If you want to know the bubble the cybersecurity industry exists in.. this comment (they're the CEO of a security vendor) combined with the likes (which include from CrowdStrike staff). [image]
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@alifarhat79
@alifarhat79
on x
Company X : losses $5 million in potential revenue CrowdStrike: Don't worry, here's a $10 Uber Eats gift card. Spend it wisely
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@grahamjfraser
Graham Fraser
on x
CrowdStrike - the company behind the mass global IT outage last week - has faced a backlash for giving $10 Uber Eats vouchers to the “teammates and partners” who dealt with the crisis. Reporting by my colleague @shermannatalie Read more https://www.bbc.com/...
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@hackinglz
Justin Elze
on x
Better start looking for crowdstrike*giftcard*. domains https://x.com/...
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@malwarejake
Jake Williams
on x
Are we sure this isn't to compensate Uber Eats for the outage? Because there's not ONE DAMN THING you can buy on Uber Eats for $10, so everyone that uses the gift card is funneling money their way...
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@lordravenscraft
Eric Ravenscraft
on x
ZeroCool crashed 1,507 computer systems in one day—including Wall Street trading systems—when he was only 11, and he was sentenced to probation and couldn't use a computer or touchtone telephone until his 18th birthday but CrowdStrike gets off with $10 gift cards?? smdh
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@caitlinbolnick1
Caitlin Bolnick Rellas
on x
Who approved this? This is what we call “not good” idea...
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@datnofact
@datnofact
on x
It rules how out of touch companies are. Crash millions of computers worldwide, cause billions in damages, and then send a $10 ubereats gift card as an apology. [image]
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@parikpatelcfa
@parikpatelcfa
on x
[image]
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@steved3
Steve Ragan
on x
Did.... Did CrowdStrike just offer people a pizza party to “show support” for their hard work during the outage?
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@x0rz
@x0rz
on x
Engineers: we messed up, but now it's all good PR team: hold my beer
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@stokel
Chris Stokel-Walker
on x
I have an opinion piece in me about how CrowdStrike offering a $10 food voucher as compensation for $5.4 billion in losses across Fortune 500 companies is the perfect example of tech bro thinking, if anyone is reading
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@lorenzofb
Lorenzo Franceschi-Bicchierai
on x
NEW: CrowdStrike sent partners a $10 UberEats gift card to apologize for the outage. “We send our heartfelt thanks and apologies for the inconvenience,” the email read. “To express our gratitude, your next cup of coffee or late night snack is on us!” https://techcrunch.com/...
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@patrickwardle
Patrick Wardle
on x
I was rather skeptical that this wasn't an elaborate joke, but yes, @CrowdStrike has apparently emailed its customers & offered a ~$10 UberEats gift card/coupon for any “inconvenience” ...and yes, it errors out when one goes to redeem it, saying it has been cancelled 🫠 [image]
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@lorenzofb
Lorenzo Franceschi-Bicchierai
on x
UPDATE: CrowdStrike's spokesperson Kevin Benacci finally sent us a statement: “We did send these to our teammates and partners who have been helping customers through this situation. Uber flagged it as fraud because of high usage rates.” https://techcrunch.com/...
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@lulumeservey
Lulu Cheng Meservey
on x
I assume CrowdStrike is trying their best but this is so frustrating. It's counterintuitive, but the greater the reputational damage, the less you can fix it with money. Any number is too small. A well done and sincere apology letter would've been more effective — and free.
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r/msp
r
on reddit
Crowdstrike sent me $10 as a thanks
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r/worldnews
r
on reddit
CROWDSTRIKE Offers $10 Gift Card As Apology For Shutting Down Basically The Whole Earth
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r/programare
r
on reddit
CrowdStrike offers a $10 apology gift card to say sorry for outage
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r/programmingcirclejerk
r
on reddit
Dear CrowdStrike Partners, (...) To express our gratitude, your next cup of coffee or late night snack is on us! Access your UberEats credit by using code or scanning the QR code below.
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r/technology
r
on reddit
CrowdStrike global outage to cost US Fortune 500 companies $5.4bn
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r/it
r
on reddit
CrowdStrike offers a $10 apology gift card to say sorry for outage
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r/technews
r
on reddit
CrowdStrike offers a $10 apology gift card to say sorry for outage
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r/offbeat
r
on reddit
CrowdStrike offers a $10 apology gift card to say sorry for outage
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r/facepalm
r
on reddit
CrowdStrike offers a $10 apology gift card to say sorry for outage
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r/Taiwanese
r
on reddit
CrowdStrike 客戶收到 10 美元的 Uber Eats 禮卷作為道歉
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r/wallstreetbets
r
on reddit
CrowdStrike offers a $10 apology gift card to say sorry for outage