this post was submitted on 06 Aug 2024
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The actual SEC report is relatively short - and surprisingly accessible.
That is a good read, thank you. Didn't have procedures, had two different brokersge systems running at once because they'd no procedures to follow, lost a fortune.
I'm thinking it's the "most expensive bug in history so far - haven't seen an accurate total for CrowdStrike's little faux pas, yet.
We can argue on whether it's a "bug" outright (since it is technically a correct implementation of a faulty design), but Boeing's MCAS pitching the plane based on the input of a singular faulty sensor has probably caused billions in direct damages, and billions more in reputational damage.
NULLreferences (which Crowdstrike is an instance of) are often referred to as "the billion dollar mistake", but the actual cost of "historical" languages skimping out on optionally-nullable types is certainly in the trillions.