CrowdStrike IT outage: Guidance for Airmic members

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This note is intended to assist Airmic members in considering the insurance implications of the CrowdStrike IT outage. It has been produced in partnership with Herbert Smith Freehills. The CrowdStrike IT outage has had an extraordinary impact across the globe. Many Airmic member organisations may well have been impacted and many of those impacted will potentially suffer significant losses, including lost revenue, potential liability to customers and potentially regulatory or crime-related losses.

This note outlines the insurance cover that may be available to organisations that have been impacted by the outage (both directly and indirectly) and the steps organisations should take now to maximise their potential recoveries.