![Microsoft Outage Hits Small Businesses Hard; Losses Could Exceed $1 Billion](https://www.burnsandwilcox.com/wp-content/uploads/2024/07/20240725_bluescreen-375x375.jpg)
The global Microsoft outage that grounded flights, canceled nonessential surgeries and halted operations for countless businesses could exceed $1 billion in insured losses, according to reports. The technology outage, which began July 19 after a faulty software update by CrowdStrike shut down 8.5 million Windows computers around the world, left many large and small companies unable to function — and…