Delta Air Lines, CrowdStrike and Microsoft are drawing the battle lines following the July 19th incident. With Delta laying the root cause of the incident at the feet of Crowdstrike and Microsoft. With Microsoft and Crowdstrike blaming Delta for failing…
The case between Delta and Crowdstike looks set to continue. As Crowdstrike rejects that it was at fault for the cancellation of 6,000 flights by Delta. That any liability by CrowdStrike is contractually capped at an amount in the single-digit…
With the legal cases being launched by investors and the significant drop in shareprice. One suspects it’s not the impact of customer claims Crowdstrike should be concerned about. Lawsuits against the company allege Crowdstrike misinformed investors over the efficacy of…
We are now seeing a change in how investors perceive corporate governance. As shareholders in Crowdstrike file a lawsuit against the company alleging materially false and misleading assurances. ‘The lawsuit, which was filed in Austin, Texas, alleging Crowdstrike assured investors…
Crowdstrike shares have fallen significantly since the incident on the 19th July, from around $304 to $233. Not helped by both the incident and legal actions being launched, notable by Delta Airlines against both Crowdstrike and Microsoft. One waits for…
A great post in The Nation Law Review on the SolarWinds vs. SEC case. The case continues, waiting a response from SolarWinds to the SEC. Not all charges have been dropped. ‘Public companies’ statements related to their cybersecurity practices are…
The Malaysian government is regulating social media platforms from January 2025. Platforms with over 8 million users will have to apply for a license. ‘If social media services fail to apply for a license by 1 January 2025 then legal…
The enclosed indicates that in part the SEC case against SolarWind and it’s CISO can move forward,’allowing the claims based on allegations of contemporaneous knowledge of falsity of public statements to go forward’. The SolarWinds case was tried under regulations…
The insurance industry is predicted to withstand losses following Fridays Crowdstrike incident. 2024 has seen several major technology and cyber incidents that one could consider significant. Fitch does not believe preliminary lossess will be material. The challenge will be consequential…
If they can find you and charge you, then penalties for cybercrime can be quite stiff. In this case Ukrainian Vyacheslav Igorevich Penchukov pleaded guilty to two charges relating to two separate indictments and was sentenced to 9 years. In…
