After CrowdStrike Outage, Companies and Governments Reassess Risks of Using Cloud

As companies and government agencies around the world scramble to restore their computer systems following last week's global outage from a faulty software update, questions are being raised about whether proper protocols for updates were followed.

Cybersecurity experts have raised questions about whether CrowdStrike may have circumvented best-practice procedures when it circulated the July 19 update.

Companies worldwide were affected by an outage from a faulty software update issued by CrowdStrike.

"If the cloud services go down, the accumulation risk falls on the re/insurers offering commercial cyber insurance products." Societal and National Security Risks Government agencies are also assessing the risks of cloud computing and tech consolidation.

Amid the rush to shift operations onto the cloud, the CrowdStrike outage will likely spur users to reassess the extent of their dependence on one or a few service providers, and their ability to weather errors by providers.

After the CrowdStrike outage, companies and governments are now seeing the risks, as well as the benefits.

Security risks include personal data being exposed "Through a security breach or incompetence on the part of the cloud service provider," the report states, as well as the sharing of personal information with other businesses, government agencies, or employees of the cloud service provider, and malware or phishes that could gain access to your information. 

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