How Cloudflare outage may have cost financial service brokers $1.6 bn
A three-hour Cloudflare outage on November 18 disrupted numerous tech and finance websites, potentially costing forex and CFD brokers an estimated $1.58 billion in lost trading volume. The disruption, caused by a bug in a configuration file, impacted firms like Monaxa and FXPro, highlighting their heavy reliance on Cloudflare for both content delivery and cybersecurity.
A three-hour Cloudflare outage on November 18 disrupted numerous tech and finance websites, potentially costing forex and CFD brokers an estimated $1.58 billion in lost trading volume. The disruption, caused by a bug in a configuration file, impacted firms like Monaxa and FXPro, highlighting their heavy reliance on Cloudflare for both content delivery and cybersecurity.
