2024-07-25 22:59:45
Technology
Business
Understanding the Global Tech Outage Impact and Root Cause
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The Street
Technology
Economy
Crowdstrike software glitch impacted computers worldwide, grounding airlines, scrambling hospitals, knocking media off air, and disrupting trading, banking, and emergency services globally; Crowdstrike CEO said it was not a security incident or cyberattack; American Express posted mixed results, with its affluent customer base spending less than forecast but still beating profit targets.
The Street
More than 5,000 Delta flights cancelled due to IT outage TheStreet Daily Newsletter
Technology
Economy
Conway Gittens reports from the New York Stock Exchange on Wall Street's recovery. Dow, S&P 500, and Nasdaq closed higher; Dow gains dampened by Verizon. Earnings reports due from Coca-Cola, Alphabet, General Motors, UPS, Visa, Tesla. Delta Airlines cancels 5200 flights due to IT outage affecting 8.5 million computers. Delta CEO Ed Bastian cites crew tracking tool issues as the cause. Delta faces challenges rebooking passengers in peak summer season.
Yahoo News
We finally know what caused the global tech outage - and how much it cost
Technology
Economy
CrowdStrike software glitch crashed Windows devices globally, costing Fortune 500 over $5 billion. Outage affected healthcare, banking, airlines including Delta. Parametrix analysis; Fitch Ratings warned of single points of failure. Microsoft noted interconnected ecosystem. Faulty CrowdStrike update caused "Blue Screen of Death", requiring manual reset of 8.5 million devices. CrowdStrike's cloud-based testing system approved "problematic content data", leading to "out-of-bounds memory read" that..
The Guardian
CrowdStrike faces backlash as ‘thank you’ gift cards are blocked
Technology
Economy
Finance
CrowdStrike's faulty update disrupted 8.5 million devices globally, costing US companies $5.4 billion and prompting a US transportation investigation after Delta cancelled over 6,000 flights. The firm sent $10 Uber Eats vouchers to employees, but Uber blocked the cards. CrowdStrike outlined measures to prevent recurrence, including staggering updates and giving customers more control.
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