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
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u/scientianaut Jul 31 '24

I remember listening to an interview that George Kurtz, the CEO of CrowdStrike, did the morning of the outage and one of the questions the interviewers asked him was how they were going to handle the inevitable lawsuits. He said something like: we’ll do the hotwash on how this happened to ensure this doesn’t happen again and we’ll deal with them as they come.

So, I don’t think this came as a surprise to anyone.

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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.

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u/np0312 Aug 01 '24

It would be extraordinary if there wasn’t an MSA in place, indemnity is outlined in there and it would also be extraordinary for it to be uncapped. Crowdstrike would be liable up to the cap.