Tuesday, July 30, 2024

How Much Damage Did CrowdStrike Outage Cost the Fortune 500 Firms?

 The CrowdStrike outage of July 2024 had a significant impact across various industries. By some estimates, the total estimated loss to Fortune 500 companies (excluding Microsoft) are estimated at $5.4 to $10 billion.

So it might be considered “worth a shot” for Delta to ponder legal action against CrowdStrike.  


Some believe Fortune 500 healthcare firms suffered $2 billion in losses from the outage. The financial sector might argue it lost around $1.15 billion. Others believe the losses (including hard-to-quantify “reputational damage”) across a range of industries could reach the higher $10 billion figure.  


Industry

Estimated Losses (USD Billion)

Healthcare

1.94

Banking & Finance

1.15

Transportation

1.02

Retail

0.87

Manufacturing

0.78

Government

0.64

Hospitality & Tourism

0.51

Media & Entertainment

0.42

Other Industries

2.68

Total

10.01


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