Measuring the Impact of the CrowdStrike Incident

Woods Rogers’ Principal and Chair of our Cybersecurity and Data Privacy Practice, Beth Waller, published an article in Today’s General Counsel and Today’s Risk Manager looking at the recent CrowdStrike outage and its financial impact on impacted companies across the country. According to Beth, “a metaphorical bombshell” of legal implications lies in the valence, but CrowdStrike’s liability could be limited by its terms and conditions.

Perhaps the ripest area for legal activity involves impacted businesses filing claims against their cyber insurance carriers.

“Already, though, the cyber insurance industry is gearing up for what will likely be years of fights over whether these provisions were intended to cover a simple software glitch versus a malicious event,” Beth writes.

You can read her column in Today’s General Counsel here.