CrowdStrike event to cost cyber insurers up to $1.5bn: CyberCube

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Reinsurance News - Jul 25, 2024

Preliminary insured losses from the CrowdStrike IT outage for the standalone cyber insurance market are anticipated to fall between $400 million and $1.5 billion, according to CyberCube, a specialist modelling firm for cyber risks and exposures. For those unaware, the outage was caused by the securi...

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