Will CrowdStrike pay more than $10m of civil or criminal liability for today's incident before 2027?
➕
Plus
37
Ṁ28k
2027
90%
chance

Any fines, compensation, or settlements count. They have to be actually paid out before January 1 2027.

Get
Ṁ1,000
and
S3.00
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bought Ṁ50 NO

https://www.raconteur.net/technology/delta-crowdstrike-lawsuit

> Proving negligence wouldn’t be impossible, but it would be a “long shot”, according to Ilia Kolochenko, cybersecurity practice lead at Platt Law.

My read of the article as a whole is that the most likely outcome overall is an out-of-court settlement - and although that could resolve this market, the settlement amount would need to be publicly disclosed, which I think leans towards "unlikely".

I don't think that they will have to pay as much money because most of the companies using Crowdstrike didn't even comply with the ToS. They explicitly state that Crowdstrike shouldn't be used in environments requiring fail-safe operations:

"THERE IS NO WARRANTY THAT THE OFFERINGS OR CROWDSTRIKE TOOLS WILL BE ERROR FREE, OR THAT THEY WILL OPERATE WITHOUT INTERRUPTION OR WILL FULFILL ANY OF CUSTOMER’S PARTICULAR PURPOSES OR NEEDS. THE OFFERINGS AND CROWDSTRIKE TOOLS ARE NOT FAULT-TOLERANT AND ARE NOT DESIGNED OR INTENDED FOR USE IN ANY HAZARDOUS ENVIRONMENT REQUIRING FAIL-SAFE PERFORMANCE OR OPERATION. NEITHER THE OFFERINGS NOR CROWDSTRIKE TOOLS ARE FOR USE IN THE OPERATION OF AIRCRAFT NAVIGATION, NUCLEAR FACILITIES, COMMUNICATION SYSTEMS, WEAPONS SYSTEMS, DIRECT OR INDIRECT LIFE-SUPPORT SYSTEMS, AIR TRAFFIC CONTROL, OR ANY APPLICATION OR INSTALLATION WHERE FAILURE COULD RESULT IN DEATH, SEVERE PHYSICAL INJURY, OR PROPERTY DAMAGE. Customer agrees that it is Customer’s responsibility to ensure safe use of an Offering and the CrowdStrike Tools in such applications and installations. CROWDSTRIKE DOES NOT WARRANT ANY THIRD PARTY PRODUCTS OR SERVICES." §8.6: https://www.crowdstrike.com/terms-conditions/

opened a Ṁ3,000 YES at 95% order

My actual probability of this is ~100 and so I'm bidding to the interest rate.

Does crowdstrike have SLA penalties or similar, or are you banking on people suing them etc?

Administrative penalty under many, many causes of action which round to “You screwed up and we’d like a press release.”

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