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CrowdStrike failure raises billion-dollar compensation question

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Australia’s insurers could bear the brunt of the fallout from the global IT outage caused by cybersecurity firm CrowdStrike, as tech staff worked through the weekend to get airlines, banks and thousands of small businesses up and running.

The government convened the National Coordination Mechanism for a third consecutive day on Sunday, and Home Affairs Minister Clare O’Neil warned the knock-on effects could hamper businesses for up to a fortnight.

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Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com
Ronald Mizen is the Financial Review’s political correspondent, reporting from the press gallery at Parliament House, Canberra. Connect with Ronald on Twitter. Email Ronald at ronald.mizen@afr.com

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