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Businesses are scrambling to recover –especially Delta Air Lines. Delta is still dealing with fallout from the glitch, as thousands of flights have been canceled. The Department of Transportation is investigating.

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what is driving the rise of krbl limited (530813) ✌️【Stay Away from Losses】✌️ Precise stock market trend predictions with free real-time quotes for India, US, and European stocks. Whether you're looking for short-term gains or long-term growth, our expert advice ensures you make the best investment choices. The health care and banking sectors were the hardest hit by CrowdStrike’s mishap, with estimated losses of $1.94 billion and $1.15 billion, respectively, said Parametrix, the cloud monitoring and insurance firm behind Wednesday’s analysis.

Fortune 500 airlines such as American and United were the next most affected, losing a collective $860 million, Parametrix said.

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Fitch Ratings, one of the largest US credit ratings agencies, said Monday that the types of insurance likely to see the most claims stemming from the outage include business interruption insurance, travel insurance and event cancellation insurance.

“This incident highlights a growing risk of single points of failure,” Fitch saidin a blog post, warning that such single points of failure “are likely to increase as companies seek consolidation to take advantage of scale and expertise, resulting in fewer vendors with higher market shares.”

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On Wednesday, CrowdStrikereleased a reportoutlining the initial results of its investigation into the incident, which involved a file that helps CrowdStrike’s security platform look for signs of malicious hacking on customer devices.

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CrowdStrike said that the testing and validation system that approved the bad software update had appeared to function normally for other releases made earlier in the year. But it pledged Wednesday to keep software glitches like last week’s from happening again, and to publicly release a more detailed analysis when it becomes available.

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