https://www.yahoo.com/finance/news/crowdstrike-estimates-tech-meltdown-caused-230641825.html
Cybersecurity specialist CrowdStrike Holdings on Wednesday estimated it absorbed a roughly $60 million blow to its sales pipeline last month after its botched handling of a software update triggered a technology meltdown that stranded thousands of people in airports in addition to other exasperating disruptions.
Even if the $60 million in deals that CrowdStrike expected to close before the tech meltdown never happen, that will be a minor price to pay compared to the massive bills those affected by the outage are facing.
"Our customer agreements contain provisions limiting our liability, and we maintain insurance policies intended to mitigate the potential impact of certain claims," Burt Podbere, CrowdStrike's chief financial officer, said during Wednesday's conference call.
They should be liable for all losses incurred as a result. :mad:
Cybersecurity specialist CrowdStrike Holdings on Wednesday estimated it absorbed a roughly $60 million blow to its sales pipeline last month after its botched handling of a software update triggered a technology meltdown that stranded thousands of people in airports in addition to other exasperating disruptions.
Even if the $60 million in deals that CrowdStrike expected to close before the tech meltdown never happen, that will be a minor price to pay compared to the massive bills those affected by the outage are facing.
"Our customer agreements contain provisions limiting our liability, and we maintain insurance policies intended to mitigate the potential impact of certain claims," Burt Podbere, CrowdStrike's chief financial officer, said during Wednesday's conference call.
They should be liable for all losses incurred as a result. :mad:
