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International Business Times

Business

Kiran Tom Sajan

Global IT Outage Hit 1 In 4 Fortune 500 Companies, Losses Pegged At $5.4 Billion

The large-scale outage affected travel, healthcare and other key sectors across the world (Credit: AFP)

A global IT outage happened last Friday has affected one in four Fortune 500 companies, leading to an estimated collective loss of $5.4 billion, according to a new report by cyber insurer Parametrix.

The report is among the first to quantify the economic impact of the recent CrowdStrike outages, according to Reuters.

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