Despite advancements in cybersecurity, a single content update from CrowdStrike in July 2024 caused over 8.5 million systems to crash, impacting thousands of organizations worldwide. The incident, estimated to cost insurers $1.5 billion, underscores the growing threat of aggregated cyber risk and the need for robust cybersecurity measures.
Despite advances in cybersecurity solutions, the number and impact of cyber incidents continue to grow, with the average cost of a data breach in 2024 reaching $4.88 million and the number of confirmed data breach es hitting a record high.
On July 19th, 2024, a single content update from CrowdStrike, a cyber security software company, caused more than 8.5 million systems to crash, disrupting operations for days across thousands of organizations worldwide, including hundreds of Fortune 1000 companies. The CrowdStrike “glitch,” as it became known, resulted in lossesThe CrowdStrike incident is estimated to cost insurers around $1.5 billion in payouts, under business interruption, cyber, and system failure coverages.
CYBERSECURITY DATA BREACH BUSINESS INTERRUPTION CYBER RISK TECHNOLOGY
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Meta to Relax Content Restrictions, Focus on Illegal ContentMeta, the parent company of Facebook, Instagram, and Threads, announced it will loosen content moderation policies, particularly regarding political speech. CEO Mark Zuckerberg cited the recent elections as a cultural shift towards prioritizing free expression. Meta aims to reduce over-enforcement and focus on illegal activities like terrorism, child exploitation, and scams. The company will relocate some content moderation staff from California to Texas and introduce a more personalized approach to political content in user feeds.
Read more »
Meta Rethinks Content Moderation, Adds Political Content to RecommendationsMeta, the parent company of Facebook, Instagram, Threads, and WhatsApp, is making significant changes to its content moderation policies. The platform will now include political content in recommendations, offering users three levels of political content exposure: less, standard (default), and more. This move comes as part of a broader series of changes Meta is implementing, and some speculate it could be an attempt to appease political figures like Donald Trump.
Read more »
Disney Dreamlight Valley’s Content Roadmap Update Hints at Aladdin & More New CharactersTo start out the new year, Disney Dreamlight Valley has an updated content roadmap graphic to remind fans what to look forward to
Read more »
Suicide Squad: Kill the Justice League Receives Final Content UpdateRocksteady Games delivers the final content update for Suicide Squad: Kill the Justice League, introducing new content, bug fixes, and gameplay tweaks.
Read more »
Dig VR Receives Its Largest Content Update YetDig VR gets a festive makeover with the Winter Update, featuring new seasonal content, gameplay modes, radio stations, and customization options.
Read more »
Tetris Forever Adds Welltris In Latest Content UpdateDigital Eclipse and The Tetris Company have released a new update this week for Tetris Forever, as they've added a brand new game and given the title some improvements.
Read more »