News currently report that a Microsoft outage is affecting airports, broadcasters and banks worldwide.
What will later be determined to be true about this outage?
Cyber-analysis firm CyberCube has estimated that the outage resulted in $15 billion worth of losses globally. Considering the smaller companies, the firm stated that insurance would only cover between three to ten percent of the losses.
https://www.theguardian.com/technology/article/2024/jul/24/crowdstrike-outage-companies-cost seems like estimates are in for total damage.
https://www.crowdstrike.com/falcon-content-update-remediation-and-guidance-hub/
Mistake, not hacking, is what I infer from the new incident review
https://x.com/George_Kurtz/status/1814235001745027317
Retweeted by Crowdstrike official account too - https://x.com/CrowdStrike
"CrowdStrike is actively working with customers impacted by a defect found in a single content update for Windows hosts. ... This is not a security incident or cyberattack. The issue has been identified, isolated and a fix has been deployed."