CrowdStrike: Lessons on the Importance of Contracts, Insurance and Business Continuity

CrowdStrike: Lessons on the Importance of Contracts, Insurance and Business Continuity

Mitigating supply chain risk After widespread coverage, the CrowdStrike outage from 19 July 2024 hardly needs an introduction. But as a reminder, here are some key facts about the CrowdStrike incident: Without question, this is one of the most expensive IT outages to date, with significant global impact. To find out more about what we can learn from the event, and protect ourselves from ‘Strike 2’, we talked to our information security manager, Adam Seamons. In this interview A low-tech but laborious fix The full financial impact of the CrowdStrike incident is becoming clearer, and the figures are staggering. The
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Spytech – 5,645 breached accounts

In July 2024, spyware maker Spytech suffered a data breach that exposed data collected as recently as the previous month. Designed to “invisibly record everything users do”, the breach exposed information related to both purchasers and targets of the product. Target data collection (and subsequent exposure) included the infected computer name, browsing history, applications used, usernames of authenticated users, keywords being monitored, file operations (creation and deletion), computer usage times and email addresses, often captured within the spyware’s logs. The data also included the names, purchases and md5 password hashes of purchasers.

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