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CrowdStrike update blunder may cost world billions – and insurance ain't covering it all

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's according to cloud monitoring and insurance biz Parametrix, which this week claimed that US Fortune 500 companies – of which around a fourth were impacted – took a $5.4 billion hit from CrowdStrike's broken channel file. This doesn't include losses for Microsoft; Redmond was excluded from the calculation...

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