Comment on We finally know what caused the global tech outage - and how much it cost
dditty@lemm.ee 3 months ago
$5.4 Bn so far, not including lost worker productivity or damage to brand reputations, so that’s a very conservative estimate. And Cybersecurity insurance will supposedly only cover up to 20% of that (but good luck getting even that much). What a clusterf***
Empricorn@feddit.nl 3 months ago
And that $5,400,000,000 loss estimate is only Fortune 500 companies!
11111one11111@lemmy.world 3 months ago
No it’s all of them because all the companies combined out side of the 500 wouldn’t even have enough net worth large enough to move the needle. So technically they may not be included but would be covered by whatever amount they rounded up to make the even 5.4b
Empricorn@feddit.nl 3 months ago
All the CrowdStrike companies on earth minus the 500 biggest (American) ones? I have a hard time believing it’s as insignificant as you assume. I guess we’ll see…
flatlined@lemmy.dbzer0.com 3 months ago
It’s a variation on the old saw of “how much is the difference between a million and a billion? About a billion”. Once numbers become so big, it’s hard to grasp the relative sizes. That said, I’m also interested in a more comprehensive breakdown. Seeing who are impacted, how much and where.