Matthew RosenquistFounder & CISO Advisor, Cybersecurity Insights · CISO, Cybersecurity Strategist, & Industry Advisor

Leadership Must Apply the Lessons from the CrowdStrike Outage

6 Aug 2024 · 1 min

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In this briefing, the speaker outlines the massive scale of the recent CrowdStrike outage—affecting over 8 million computers and costing more than $5 billion—and frames it as both a crisis and a learning opportunity. He emphasizes that CEOs, CIOs, and board members have a fiduciary duty to safeguard their organizations and investors by recognizing escalating cyber‑risk, meeting higher stakeholder expectations, and building greater operational resilience. The talk sets up three concrete actions that business leaders should take to strengthen risk management and reduce the impact of future disruptive events.

Chapters

The CrowdStrike outage, which impacted over 8 million computers at a cost exceeding $5 billion, was a crushing incident for organizations across the globe. But it also stands as an opportunity for businesses of all sizes to learn important improvements to avoid or minimize impacts from disruptive incidents. CEOs, CIOs, and board members have a clear responsibility to protect the business and the investors. Realizing the growing risks, adapting to rising expectations, and shaping the organization to be more resistant and resilient to detrimental disruptive events are crucial to success. These are the area that the recent outage has highlighted to address. So let's look at the top 3 actions business leaders must do.