CrowdStrike outage losses biggest test yet for risky cybersecurity insurance market Warren Buffett warned about
CRWDCrowdStrike(CRWD) CNBC·2024-07-25 01:54

Passengers seen waiting after a major disruption in Microsoft Corp.'s cloud services caused widespread flight cancellations and delays at T3 IGI Airport in New Delhi, India, on July 19, 2024.At Berkshire Hathaway's annual investor meeting earlier this year, Warren Buffett and his top insurance executive Ajit Jain issued a headline-grabbing warning that Berkshire would exercise caution regarding cyber insurance — in fact, it advised insurance agents to only sell cyber policies if they absolutely had to do so ...