Pulse of Truth

648 readers

83 users here now

Cyber Security news and links to cyber security stories that could make you go hmmm. The content is exactly as it is consumed through RSS feeds and wont be edited (except for the occasional encoding errors).

This community is automagically fed by an instance of Dittybopper.

founded 1 year ago

MODERATORS

[email protected]

CrowdStrike, whose botched software update caused a global IT outage in July 2024, has more than recovered the $30B in market value it shed after the crisis (Stephanie Stacey/Financial Times) (www.techmeme.com)

submitted 4 weeks ago by [email protected] to c/[email protected]

2 comments fedilink hide all child comments

Stephanie Stacey / Financial Times: CrowdStrike, whose botched software update caused a global IT outage in July 2024, has more than recovered the $30B in market value it shed after the crisis — Cyber security company has more than recovered the $30bn in market value it shed after the crisis

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 12 points 4 weeks ago (1 children)

Figured that would be the case. Almost most likely lawsuits aren’t going to go anywhere because of their ToS. This really doesn’t end up being different than when Microsoft botches a patch. The companies that use them willingly signed up and agreed to the potential impacts.

I’m not saying that’s right or wrong, but that this was an expected outcome.

[–] habitualTartare 3 points 3 weeks ago

The boiler plate response is probably something along the lines of "If it was mission critical you should have and test your business continuity plans; any loss of revenue falls on you."