Fortune 500 firms to see $5.4 billion in CrowdStrike losses: insurer Parametrix

US Fortune 500 companies, excluding Microsoft, will face $5.4 billion in financial losses from the recent CrowdStrike outage, insurer Parametrix said on Wednesday.

CrowdStrike’s faulty update to its security software crashed computers powered by Microsoft’s Windows operating system, disrupting internet services across the globe and affecting a broad swathe of industries including airlines, banking and healthcare.