A major global IT outage caused by a faulty CrowdStrike software update has disrupted critical services worldwide. Flights have been grounded, banks and hospitals have been affected, and media outlets have been knocked off the air.
The White House is working with CrowdStrike to resolve the issue, and the CEO has issued an apology. The impact has been widespread, with airports such as Berlin and Zurich experiencing disruptions, and Australian banks, airlines, and media organizations also affected.
The outage has caused delays and cancellations in various industries, including healthcare, finance, and transportation. Experts are warning that the recovery process may take weeks, highlighting the need for resilience in IT infrastructure.
The incident has had a significant financial impact, with CrowdStrike's stock price plummeting. However, it is not expected to have a long-term effect on the company's market cap.
Microsoft has confirmed that the issue was caused by a faulty CrowdStrike update.
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