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CrowdStrike Outage News Roundup

Posted on July 23, 2024July 23, 2024 By Martin Hinton

This morning, when we went to see the latest CrowdStrike Outage news, we knew there’d be a lot to read. Over 30 pages of articles in the Google News search in just the last 24 hours. We took the time to compile a number of them. They illustrate the scale, scope, and impact from large to small.

  • Analysts at Berenberg predict that Beazley’s losses from the CrowdStrike-linked IT outage will be minimal and well below the attachment point of its PoleStar Re cyber catastrophe bonds. – Artemis.
  • Hackers are taking advantage of the CrowdStrike outage chaos – CNN.
  • Fitch Ratings says CrowdStrike outage unlikely to impact insurers – MENFA.
  • Microsoft reports 8.5 million devices impacted by global CrowdStrike outage – Insurance Business.
  • The global tech outage showed how we’re just one mistake away from chaos – CNN.
  • Microsoft says EU rules made CrowdStrike outage possible – Mashable.
  • CrowdStrike says flawed update was live for 78 minutes – Cybersecurity Dive.
  • CrowdStrike Is Too Big to Fail – Wall Street Journal.
  • CrowdStrike Outage Caused 10% Spike in Air Charter – Aviation International News.
  • What’s going on with Delta Air Lines? Why CrowdStrike’s still canceling flights in Phoenix – Arizona Republic.
  • CrowdStrike outage briefly impacted national organ transplant matching system – FEDSCOOP
  • CrowdStrike CEO called to testify to Congress over cybersecurity’s firm role in global tech outage – ABC NEWS.

Other News: CrowdStrike Outage Spurs Cyber Insurance Market Response: A Reporting Roundup(Opens in a new browser tab)

Cyber Insurance, Cybersecurity Tags:crowdstrike, Crowdstrike Outage, cyber insurance, cyber liability insurance, cyber security, Cybersecurity

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In this clip from our latest podcast episode, Dan Candee, CEO of Cork Protection, dives into a critical topic that hits close to home: Cybersecurity for Main Street businesses.

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Cybersecurity for Main Street: Dan Candee on Protecting Small Businesses | CEO of Cork Protection
SMB Cyber Threats - In this episode of the Cyber Insurance News Podcast, host Martin Hinton talks with Dan Candee, CEO of Cork Protection, about the rising tide of cyber threats targeting small and mid-sized businesses (SMBs). Dan shares his journey from Main Street entrepreneur to cybersecurity leader, offering real-world insight into the threat landscape, financial vulnerabilities, and how AI and managed service providers (MSPs) can help fortify business resilience.

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• Why Main Street is more vulnerable than Wall Street
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00:00 Introduction - Dan Candee and Cork Protection
02:27 The Importance of Cybersecurity for Small Businesses
05:29 Understanding Cyber Threats and Their Impact
08:26 The Role of Managed Service Providers in Cybersecurity
11:24 24Financial Protection and Cyber Insurance Solutions
14:01 Leveraging AI in Cybersecurity
16:53 Navigating Cyber Insurance Policies
19:56 Empowering Small Businesses with Knowledge
21:52 The Future of Cybersecurity and Community Resilience
26:05 MSP/ MSSP The Lingo decoded
29:05 Finals Thoughts and a bit of Hope!
SMBs Are Cyber Targets | Dan Candee on Cyber Resilience & AI | Cyber Insurance News Podcast EP#6
Cyberattack on Small Business is on the rise—and AI is making it worse. In this episode of the Cyber Insurance News Podcast, host Martin Hinton sits down with William Altman of CyberCube to unpack how AI is enabling threat actors to more efficiently target and exploit small businesses.

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6:26 - William Altman on AI and threat actors
6:50 - Credential stuffing, brute force & reused credentials
10:00 - What small businesses can do right now
14:20 - The future of AI in cybercrime

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Cyberattack on Small Business: How AI Supercharges Cyber Threats | William Altman @CyberCube"
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