We were warned that our embrace of computer technology would lead to disaster. By integrating computers into more and more areas of our lives, we were told, we had created a scenario in which an everyday malfunction could bring everything crashing down. Air travel would grind to a halt, bank accounts would become inaccessible, essential … Read more
The world as we know it is increasingly dependent on digital connectivity that, for the most part, operates silently and invisibly in the background. So how could a single software update take down half the internet? The global IT outage on July 19 is a stark reminder of our vulnerability to technological failure. Caused by … Read more
NEW YORK (AP) — The owner of a consumer insights firm couldn’t pay her employees, meet a Friday deadline to sign a contract with a new firm or send critical research to a major client. A psychiatrist who runs a virtual mental health practice in Maryland saw his business limp as some of his virtual … Read more
According to software giant Microsoft, more than eight million computers have been affected by the “largest IT outage in history”. The company said in a blog post on Saturday that a software update from cybersecurity firm CrowdStrike had affected nearly 8.5 million Microsoft devices. Worldwide, flights were halted, patients were unable to make appointments, train … Read more
Flight delays and cancellations are expected to continue into the weekend due to a global IT outage, with experts warning it could take weeks for systems to be fully restored. A flawed update rolled out by cybersecurity firm CrowdStrike caused widespread outages around the world on Friday, canceling flights and trains and paralyzing some health … Read more
It’s a software update with huge implications. Businesses around the world have been hit with technology issues after an update from cybersecurity firm CrowdStrike (CRWD) impacted Microsoft (MSFT) systems. It led to delayed and canceled flights, closed stores for the day, and left millions with headaches. CrowdStrike CEO George Kurtz posted on X that the … Read more
Major technical outages occurred worldwide when problems with a CrowdStrike (CRWD) software update disrupted airlines, banking institutions and healthcare systems. Global problems arose after CrowdStrike updated software in Microsoft Windows (MSFT) systems. Citizens JMP Securities analyst Trevor Walsh joins Market Domination to provide insight into the CrowdStrike incident and what it means for the company … Read more
CrowdStrike, the company responsible for the IT outage described as the worst the world has ever seen, has been a Wall Street darling over the past year. So far in 2024, the share price has risen 96%, making it one of the best performing stocks on both the tech-heavy Nasdaq index and the broader S&P … Read more
The CEO of CrowdStrike, the company at the center of the global IT outage, said he “deeply regrets” the incident but warned it would take “some time” for systems to be fully restored. George Kurtz says a fix has been found for a bug in an update from the cybersecurity firm that affected Microsoft Windows … Read more