Crowdstrike in the crosshairs - Delta Airlines is pissed!

[CrazyTrader55]

Delta CEO lashes out at CrowdStrike: This cost us $500 million and they offered us nothing

The CEO of Delta Air Lines lashed out at cyber security firm CrowdStrike and software provider Microsoft for the computer problems that resulted in a service meltdown he disclosed cost the airline $500 million due to a five-day service meltdown.

www.yahoo.com

Crowdstrike may get sued out of existence, and if I was a holding their stock, - I would run to the exits. (I'm not - by the way - and am not shorting it either). Taking down half of the world's functioning systems is going to have consequences.

.... and before someone says, oh, they have insurance policies to cover this -- good luck trying to collect on those. Insurance companies and banks are always willing to sell you an umbrella - when it's NOT raining.

 

[JackOfNoTrades]

Delta CEO lashes out at CrowdStrike: This cost us $500 million and they offered us nothing

The CEO of Delta Air Lines lashed out at cyber security firm CrowdStrike and software provider Microsoft for the computer problems that resulted in a service meltdown he disclosed cost the airline $500 million due to a five-day service meltdown.

www.yahoo.com

Crowdstrike may get sued out of existence, and if I was a holding their stock, - I would run to the exits. (I'm not - by the way - and am not shorting it either). Taking down half of the world's functioning systems is going to have consequences.

.... and before someone says, oh, they have insurance policies to cover this -- good luck trying to collect on those. Insurance companies and banks are always willing to sell you an umbrella - when it's NOT raining.

They'll survive. They'll pay. But they'll survive.

But it has started a discussion about putting all your security eggs in one basket.

 

[rightwinger]

Releasing SW that contains such a damaging bug was irresponsible and shut them down

Crowdstrike must pay Bigly

 

[citygator]

Most business agreements are written to protect CrowdStrike against claims that were caused by an accident and not maliciousness or negligence. We do business with them and are not going to sue them for all the hours lost from downed PCs. We even had a few delayed business transactions and some 24/7 operations that shut down.