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Global IT Outage Caused by Faulty CrowdStrike Update
2024-07-19 14:59:08
IT security
Technology

Global IT Outage Caused by Faulty CrowdStrike Update

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A major global IT outage wreaked havoc across industries as a faulty update from cybersecurity company CrowdStrike caused widespread disruptions. Windows systems worldwide experienced crashes and blue screens of death (BSOD), impacting airlines, hospitals, TV stations, and financial institutions.

The outage, which was not a cyberattack according to CrowdStrike CEO George Kurtz, highlighted the importance of resilient backup systems and the risks associated with software monoculture. While a fix has been deployed and systems are gradually recovering, it may take days or weeks for all affected computers to return to normal.

The outage led to thousands of grounded flights, delays in air travel, disrupted train services, and payment failures at shops. IT administrators have been working tirelessly to apply manual fixes for the BSOD issue, and affected industries are gradually resuming operations.

The incident has caused significant brand damage to CrowdStrike, with its stock plunging and rivals experiencing increased demand for their cybersecurity solutions.

Related news on that topic:

Global IT Outage: Cybersecurity Firm CrowdStrike's Update Causes ... Disruption

A major global IT outage caused by a failed software update from cybersecurity firm CrowdStrike has resulted in widespread disruption, affecting airports, airlines, hospitals, banks, retailers, and media outlets worldwide. The issue, which was not a cyberattack, originated from a technical error in the software update deployed by CrowdStrike on Microsoft Windows systems. The outage led to flight cancellations and delays, long queues at airports, disruption to hospital services, payment failures in shops, and television channels going off air. While CrowdStrike has resolved the underlying cause and is working with affected customers, the incident has been described as a 'major black eye' for the cybersecurity firm. Competitors in the cybersecurity industry, such as Palo Alto Networks and SentinelOne, have seen gains in premarket trading, capitalizing on the disruption caused by CrowdStrike's software update. The incident highlights the need for increased resilience and backup systems in critical IT infrastructure.

CrowdStrike IT Outage: Global Impact and Potential Consequences

CrowdStrike, a cloud-based cybersecurity firm, experienced a major IT outage due to a faulty software update, impacting computers worldwide and disrupting various industries. The outage grounded airlines, affected hospitals, knocked media off air, and disrupted trading, banking, and emergency services globally. Despite the chaos, CrowdStrike CEO clarified that it was not a security incident or cyberattack. The outage has had significant financial implications for CrowdStrike, leading to a drop in their stock price. However, analysts believe that this incident could create opportunities for competitors as companies re-evaluate their cybersecurity solutions. The Australian government has been informed that CrowdStrike is close to rolling out an automatic fix. While smaller businesses may have to wait for IT support, there have been no food shortages or impact on critical infrastructure or government services. Investors are advised to wait for CrowdStrike's next earnings report to assess the financial impact accurately. Although the outage raises concerns about CrowdStrike's reliability, its strong financial performance suggests that the company can handle the challenges and continue to protect customers from cyberattacks. For risk-tolerant investors, this may present a potential buying opportunity. However, other stocks, such as Nvidia, have been recommended as better options by financial experts. Overall, the incident highlights the importance of robust cybersecurity measures and the potential consequences of IT outages in today's interconnected world.

Read 13 more recent news on this topic

The press radar on this topic:

CoinDesk
19. Juli 2024 um 09:16

CrowdStrike, Windows BSoD Meme Tokens Populate Solana and Ethereum Amid Global Internet Outage

Dozens of new crypto tokens themed after CrowdStrike, Microsoft "Blue Screen of Death" (BSoD), and Solana blockchain were issued amid a global internet outage impacting airlines, railways, and stock exchanges. DEXTools and DEXScreener data shows tokens were actively traded. Solana-based token generator Pump Fun created hundreds of meme tokens. Some tokens have $50,000 liquidity and $1M market cap. While most tokens eventually lose all value as they're void of any fundamental backing, crypto pu..
New York Times - Business
19. Juli 2024 um 16:05

What Is CrowdStrike?

Technology
CrowdStrike, founded in 2011, provides cloud-based cybersecurity platform used by various industries worldwide to protect against hackers. The software actively scans for threats without manual virus scans, granting broad system access. Updates are automatic, but a flawed Falcon Sensor software update on Friday caused worldwide chaos. CrowdStrike's CEO confirmed it was not a cyberattack. The company previously investigated the 2016 DNC data breach by Russian operatives.
Inc.com
19. Juli 2024 um 12:41

Global Outage Paralyzes Millions of PCs, Bringing Business to a Halt

Technology
Economy
A botched CrowdStrike security update has triggered a global outage, crashing millions of Windows PCs and disrupting businesses worldwide. CrowdStrike's CEO George Kurtz has stated this is not a security incident or cyberattack, and the company is rolling back the update to address the issue.
The Verge
24. Juli 2024 um 19:41

Microsoft / CrowdStrike outage: all the latest news

Technology
Economy
Faulty CrowdStrike update caused BSOD on Windows PCs and servers; IT admins using CrowdStrike's workaround to fix; thousands of flights grounded, airlines warning of delays; issue first reported by Australian banks, airlines, and broadcasters, then spread to Europe; Ryanair experiencing third-party IT issue impacting flights.
Deutsche Welle
19. Juli 2024 um 14:20

Weltweite Computerstörung sorgt für Chaos

Technologie
Wirtschaft
Weltweite IT-Panne führt zu massiven Störungen bei Flugverkehr, Rundfunk, Krankenhäusern und Supermärkten in mehreren Ländern. Betroffen sind Flughäfen in Sydney, Amsterdam und Hongkong sowie Fluggesellschaften wie KLM, indische Airlines und andere.
DER SPIEGEL
19. Juli 2024 um 12:59

CrowdStrike und Microsoft: Wie ein misslungenes Update weltweit Chaos auslöste - DER SPIEGEL

Technologie
Wirtschaft
Ein fehlerhaftes Update von CrowdStrike und Microsoft löste weltweit Chaos aus: Flugverkehr, Krankenhäuser und Verwaltungen waren betroffen. Der Artikel ist nur für SPIEGEL-ID-Kontoinhaber mit Digital-Abonnement über iTunes zugänglich, das von über 400.000 Menschen genutzt wird.
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