What the 2024 CrowdStrike Glitch Can Teach Us About Cyber Risk

Bianca Popa

Efforts to manage cyber risk must be transparent, structured, justifiable, and agile. Despite advances in cybersecurity solutions, the number and impact of cyber incidents continue to grow, with the average cost of a data breach in 2024 reaching $4.88 million and the number of confirmed data breaches hitting a record high. The July 2024 CrowdStrike incident demonstrates the need to develop capabilities to assess the downstream business impact of cyber events, establish appropriate cyber

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