October 2025
Intermediate to advanced
176 pages
2h 18m
English
by Raphael Yahalom
On July 19, 2024, a single content update from CrowdStrike, a cybersecurity software company, caused more than 8.5 million systems to crash, disrupting operations for days across thousands of organizations worldwide, including hundreds of Fortune 1000 companies. The CrowdStrike “glitch,” as it became known, resulted in losses estimated to be more than $5 billion.1 The CrowdStrike incident is estimated to have cost insurers around $1.5 billion in payouts, under business interruption, cyber, and system failure coverages. It represents one of the biggest examples of the adverse impact of aggregated cyber risk accumulation. In October 2024, Delta, one of the many ...
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