CNN —
Insurers have begun calculating the financial damage caused by last week’s devastating CrowdStrike software glitch that crashed computers, canceled flights and disrupted hospitals all around the globe — and the picture isn’t pretty.
What’s been described as the largest IT outage in history will cost Fortune 500 companies alone more than $5 billion in direct losses, according to one insurer’s analysis of the incident published Wednesday.
The new figures put into stark relief how a single automated software update brought much of the global economy to a sudden halt — revealing the world’s overwhelming
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