Key lessons from the time when the digital world stood still

In recent weeks, we have seen two devastating IT outages spread across the globe – from the initial CrowdStrike outage affecting 8.5 million Windows devices to the latest Microsoft DDoS-related shutdown. While the immediate impacts are still unclear, we can expect both outages to have significant long-term repercussions.

The immediate crisis is estimated to have already cost US Fortune 500 companies up to $5.4 billion in damages, with companies in the banking and healthcare sectors expected to be hardest hit. In addition, the disruption left countless organisations scrambling to restore their systems and protect their data, creating a chaotic environment ripe for exploitation. This upheaval not only exposed vulnerabilities, but weakened cybersecurity defences, making businesses much more susceptible to cybercriminals who are quick to take advantage of crises.

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