CrowdStrike global outage could cost the economy billions. But who will pay? | The Business

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Published 2024-07-22

It was an IT outage that took down millions of computers and impacted airports, TV stations, supermarkets and thousands of other businesses across the world.
The outage was caused by a software update by cybersecurity firm CrowdStrike to its Falcon sensor program.
The Australian Industry Group and some economists believe it could cost the Australian economy billions of dollars. It's expected it will leave some businesses offline for weeks.

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