LogisManager

JULY 30, 2024

Million Crashes Later: Why CrowdStrike’s Blunder Is Your Risk Management Wake-Up Call Last Updated: July 30, 2024 On July 19, 2024, the world got a brutal wake-up call. This wasn’t just a blip; it was the largest outage in IT history. Here’s where things went wrong: Vendor Risk Management?

Risk Management 98

Risk Management Management Outage Banking 98

Plan B Consulting

JANUARY 11, 2019

Kev Brear also commented that “hindsight bias often appears in risk management discussions and I submit that this incident has the potential to be coloured by that aspect”. Whilst this may be true, Mark Armour suggested that “our profession has a tendency to overly-criticize institutions after something goes wrong”.

Airlines 40

Airlines All-Hazards Mitigation Hazard 40

Plan B Consulting

JANUARY 11, 2019

Kev Brear also commented that “hindsight bias often appears in risk management discussions and I submit that this incident has the potential to be coloured by that aspect”. Whilst this may be true, Mark Armour suggested that “our profession has a tendency to overly-criticize institutions after something goes wrong”.

Airlines 40

Airlines All-Hazards Mitigation Hazard 40

Fusion Risk Management

AUGUST 12, 2024

It’s been interesting to see the accepting attitude of customers that a disruption as large scale as the CrowdStrike outage would occur; ire and blame seems to have only been aimed at individual firms when those organisations have failed to revert to manual or alternative processes and recover within similar time frames to their peers.

Outage 52

Outage Airlines Outsourcing Insurance 52