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Economic fallout of Crowdstrike outage estimated in billions

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An estimate by cloud monitoring firm Parametrix Insurance puts the economic fallout of the recent Crowdstrike outage in the billions.

The direct financial loss was $5.4 billion among Fortune 500 companies, not counting Microsoft, according to the report.

Existing cyber insurance policies are expected to cover 10% to 20% of the losses.

Read more from The Playbook.

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