Archive · Business Recorder
Microsoft outage could generate $700 million in insured losses: Kovrr
Insured losses from the Microsoft 365 and Exchange Online outage could total around $700 million, Shalom Bublil, co-founder and chief product officer at Kovrr, said on Friday. Bublil gave a preliminary range of $300 million to $1.4 billion for the outage, which began at 1617 GMT on Thursday. The estimate is based on the outage being resolved by 1900 GMT on Friday. He based his estimate on economic losses of about $16 billion on a lost-productivity basis, with the gap between the economic and insured loss estimates reflecting restrictions on cover for non-malicious failures at technology provid...
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Business Recorder →