Moody’s: Insurance losses from CrowdStrike outage will be driven by business interruption

CrowdStrike outage expected to spur demand for cyber insurance and drive further focus on systems failures.

The global IT outage stemming from a faulty CrowdStrike software update on July 19 will lead to cyber insurance losses primarily driven by business interruption claims, Moody’s Ratings said in a report released on Monday. A figure of $1.5 billion for insured losses has been floated.

Moody’s warned that determining

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