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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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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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Best Stocks for Building Wealth in India Pro Stock Market Picks ✌️【Earnings Growth】✌️ Expert guidance on stock market trends and real-time updates on stock indices, futures, and exchange rates. Make well-informed decisions and plan the best investment strategies for capital growth. The bad release was published just after midnight Eastern time on July 19, and rolled back an hour and a half later, at 1:27 a.m. Eastern, CrowdStrike said. But by then millions of computers had already automatically downloaded the faulty update. The issue affected only Windows devices, not Mac or Linux machines, and only those that were switched on and able to receive updates during those early morning hours.

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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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