Malaysia Asks Microsoft, CrowdStrike To Consider Covering Losses From Global Outage

Malaysia's digital minister said today he has asked global tech firms Microsoft and CrowdStrike to consider compensating companies that suffered losses during last week's global tech outage. From a report: Five government agencies and nine companies operating in aviation, banking and healthcare were among those affected in Malaysia, minister Gobind Singh Deo told reporters. "If there are any damages or losses, where there have been any parties that have made such claims, I've asked them to consider those claims and see to what extent they are able to help resolve the issue," Gobind said, adding that the government would also assist on the claims where possible. The total amount of losses incurred has not yet been determined, he said. The outage will cost Fortune 500 companies $5.4 billion, according to estimates from insurers. The projected financial losses exclude Microsoft.

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