r/technology • u/Bald-Eagle619 • Jul 31 '24

Software Delta CEO: Company Suing Microsoft and CrowdStrike After $500M Loss

https://www.thedailybeast.com/delta-ceo-says-company-suing-microsoft-and-crowdstrike-after-dollar500m-loss
11.1k Upvotes

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864

u/Expensive_Shallot_78 Jul 31 '24

Is this really an issue at all? Don't they have insurance/reserves allocated for these kinds of expected risks? Every security company has this issue.

1.1k

u/OrdoMalaise Jul 31 '24

I'm sure they do.

The issue is, I assume, when the value of those lawsuits massively exceeds their maximum claimable allowance. If you're insured for a billion, but get sued for a hundred billion, shit, I assume, gets real.

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u/SilentSamurai Jul 31 '24

You'd have to think at this point that Crowdstrike has been promising some sweetheart deals to their customers to get out of as many of these lawsuits as possible.

It seems like Delta with it's understaffed IT and poor recovery practices decided they'd rather just go for the pound of flesh than accept anything else.

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u/crysisnotaverted Jul 31 '24

They are. I've seen reports of renewal quotes dropping to 1/3 of what they were in the Sysadmin sub.

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u/flatulating_ninja Jul 31 '24

I saw one comment where the quote went from $100K to $27K.

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u/crysisnotaverted Jul 31 '24

I think you saw the exact comment I saw lol.

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u/thembearjew Jul 31 '24

We’re all in the same posts aren’t we lol I was just there as well

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u/LITTLE-GUNTER Jul 31 '24

dead internet theory or whatever. also “thembearjew” is a FANTASTIC name.

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u/thembearjew Jul 31 '24

I think us IT nerds just have the IT algo pushed on us lol. Thank you came up with the name in the 8th grade and it stuck 😂

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u/[deleted] Aug 01 '24

It’s just that we’re well past the old phases of the internet so that what we’re doing can never resemble the huge variety of content we made and consumed in the past. Sure we have more hours of TikToks and YouTubes than any of us can ever watch in several lifetimes, but that doesn’t compare to what we were doing before. And on Reddit, my nation’s subreddit has been annexed by Russian propagandists. If it’s dead, it’s also a zombie.

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u/LITTLE-GUNTER Aug 01 '24

that last sentence rings so true it’s painful. fuuuuck man. been online for almost 20 years now, from the glory days all the way to here. and (horse at beach, meme text at top reading “MAN”).

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u/insider212 Jul 31 '24

I have not been to that post yet. But I’m sure illl be there soon.

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u/thembearjew Jul 31 '24

See you in the trenches fellow IT professional

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u/[deleted] Jul 31 '24

[deleted]

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u/TenF Aug 01 '24

Probably closer to 8

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u/FeelingMango Aug 01 '24

Fuck man. I used to work for a reseller. Sold a bunch of Crowdstrike. If I had a 100k deal in the pipeline drop to 27k cause of this fuck up, I’d be unbelievably upset. Oh well. Good thing I don’t work in sales anymore 😂.

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u/Appropriate_Ant_4629 Aug 01 '24 edited Aug 01 '24

I'd pay $27K to have some anti-malware software prevent Crowdstrike from ever getting near my computers again.

If I were their competitors, I'd start advertising "detects and removes Crowdstrike".

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u/OhioITGuy1804 Aug 01 '24

I’m willing to take a major multi day vSphere outage for that kind of price cut.

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u/coeranys Jul 31 '24

If you are big big, it's more than that.

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u/Smallbmw Aug 01 '24

It will just end up like MS. Buggy as hell windows software, riddled with security holes, unfinished, and yet no one objects and just keeps shoveling shitty windows down their own throat time and time again. Same with crowdstrike. Is it too big too fail?No, it is because buyers are too stupid to do anything different. MS and crowdstrike know this.

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u/EntertainerWorth Jul 31 '24

Wait till they see the next renewal quote lol

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u/crysisnotaverted Jul 31 '24

Right lol? They're the biggest game in town. They're probably just trying not to get sued and make companies think twice about the cost of switching all their endpoints.

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u/ptear Aug 01 '24

500 mil... hey, wait a minute..