PETER GRIMMOND
CROWDSTRIKE IT OUTAGE : IMPACT IN NUMBERS
8.5 million
Windows hosts impacted
US $ 10bn Estimated financial damage
US $ 5.4bn financial losses ( Parametrix , based on Fortune 500 )
10-20 % of losses to be covered by cyber insurance
US $ 20bn CrowdStrike ’ s market value loss
several high-profile blackout incidents that left companies completely stranded .
One of the most significant stories in the technology world in 2024 saw the global IT outage cause havoc for businesses and essential services around the world . Caused by a faulty CrowdStrike system update on Windows PCs , the failed update led to flights being grounded , the cancellation of doctors appointments and millions of workers unable to use their devices .
It was a wake-up-call around the world , leading to questions over the fragility of our digital IT infrastructure and how quickly information can be withheld or breached .
PETER GRIMMOND
TITLE : HEAD OF TECHNOLOGY ( INTERNATIONAL )
COMPANY : VERITAS TECHNOLOGIES
INDUSTRY : TECHNOLOGY LOCATION : UNITED KINGDOM
Peter Grimmond is responsible for leading the pre-sales technical engagement with customers and partners of Veritas Technologies across Europe , the Middle East and Africa . He leads a large team to drive awareness of the company ’ s capabilities , customer requirements and how customers can unlock real value .
170 December 2024