CrowdStrike failure raises billion-dollar compensation question

Australia’s insurers could bear the brunt of the fallout from the global IT outage caused by cybersecurity firm CrowdStrike, as tech staff worked through the weekend to get airlines, banks and thousands of small businesses up and running.

The government convened the National Coordination Mechanism for a third consecutive day on Sunday, and Home Affairs Minister Clare O’Neil warned the knock-on effects could hamper businesses for up to a fortnight.