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Microsoft outage could generate $700 million in insured losses: Kovrr

Insured losses from the Microsoft 365 and Exchange Online outage could total around $700 million, Shalom Bublil, co-founder and chief product officer at Kovrr, said on Friday. Bublil gave a preliminary range of $300 million to $1.4 billion for the outage, which began at 1617 GMT on Thursday. The estimate is based on the outage being resolved by 1900 GMT on Friday. He based his estimate on…

First reported by Business Recorder 1 source
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  1. Business Recorder

    Microsoft outage could generate $700 million in insured losses: Kovrr (opens Business Recorder in a new tab)

    Insured losses from the Microsoft 365 and Exchange Online outage could total around $700 million, Shalom Bublil, co-founder and chief product officer at Kovrr, said on Friday. Bublil gave a preliminary range of $300 million to $1.4 billion for the outage,…

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