August 9, 2024 at 08:33AM The CrowdStrike update resulted in lawsuits from investors and customers, prompting discussions about software liability. The update caused widespread disruption, including $5.4 billion in damages to the Fortune 500. An investigation is underway, and legal battles between affected parties and CrowdStrike are ongoing, signaling a potential shift towards increased software … Read more
July 31, 2024 at 10:51AM CrowdStrike is facing lawsuits from investors and customers after a bad software update caused global outages. The incident cost US companies an estimated $15 billion, with airlines suffering the most significant losses. While lawsuits are being pursued, some believe the company may be shielded from direct financial impacts due to … Read more
May 2, 2024 at 04:51PM Legal legwork is underway to hold software vendors accountable for insecure products, but actual laws and penalties are still a decade away, according to a policy expert speaking at the RSA Conference. The Biden Administration supports greater accountability, aiming to address the issue through proposed legal frameworks for software liability. … Read more