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CrowdStrike Tech Outage Could Cost Fortune 500 Companies $5.4 Billion

global technical outage sign at Canal Street

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Key Takeaways

  • Fortune 500 companies, excluding Microsoft, are expected to suffer $5.4 billion in losses due to the global tech outage cause by CrowdStrike, according to analysis from Parametrix, a cloud monitoring and modeling provider and insurer.
  • Parametrix estimates the average loss per Fortune 500 company to be $43.64 million, while some industries like airlines could see higher losses.
  • The largest direct financial loss could be felt by the healthcare and banking sectors, the report said.

Fortune 500 companies, excluding Microsoft (MSFT), could lose an estimated $5.4 billion due to the 澳洲幸运5官方开奖结果体彩网:global tech outage caused by CrowdStrike (CRWD), according to Parametrix, a cloud monitoring and modeling provider and insurer.

Parametrix estimated the average loss per Fortune 500 company to be $43.64 million. When examining lo🐻ss per company in affected industries, losses ranged from less than $6 million for manufacturing companies to ov🦩er $143 million for airlines.

The outage affected organizations and businesses across the globe Fr🌌iday, including airlines, banks, media outlets, government agencies, and others.

The "largest direct financial loss will be suffered by Fortune 500 companies in the healthcare sector ($1.938 billion), followed by banking ($1.149 billion)," Parametrix reported, adding that these sectors account for only 20% of the Fortune 500's revenue, but likely bore 57% of the losses.

Analysis of the outages "shows not only the possible extent of a systemic cyber loss event but also its boundaries,” Parametrix CEO Jonatan Hatzor said.

CrowdStrike shares declined another 4% Wednesday, contributing to the stock's double-digit decline since last Thursday's close, before the outage on Friday.

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