'If You're A Lawyer For Crowdstrike, You're Probably Not Going To Enjoy The Rest Of Your Summer,' Say Dan Ives As Microsoft-Crowdstrike Outage Could Top $1B In Costs

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'If You're A Lawyer For Crowdstrike, You're Probably Not Going To Enjoy The Rest Of Your Summer,' Say Dan Ives As Microsoft-Crowdstrike Outage Could Top $1B In Costs - Benzinga

Quick Summary:

Analysts predict that the recent global tech outage caused by cybersecurity firm CrowdStrike (NASDAQ:CRWD) could cost over $1 billion, but the question of who will foot the bill remains unanswered.

On Friday, CrowdStrike was identified as the source of a massive global tech outage, which led to the cancellation of over 5,000 commercial airline flights worldwide and caused disruptions in various sectors, from retail to healthcare.

The issue was traced back to a few bits of faulty code in a ...