global tech outage Archives

Winsage

July 27, 2024

CrowdStrike CEO Was Working For McAfee In 2010 When There Was A Global Tech Outage Too

The faulty update provided by CrowdStrike for Windows led to massive system failures, affecting major airlines, healthcare providers, and retail operations. The issue was not a result of a cyberattack but a critical flaw in the update's coding. CrowdStrike's CEO, George Kurtz, had previously been involved in a similar tech failure at McAfee in 2010, raising questions about the company's internal processes and safeguards.

Winsage

July 26, 2024

CrowdStrike to vendors: Sorry for the global tech outage. Here’s a $10 Uber Eats voucher | CNN Business

Partners are working under pressure due to customer issues caused by an outage, risking losing customers despite it being out of their control. Uber Eats vouchers were offered as compensation, but some users found them insufficient. Cybercriminals took advantage of the situation to set up fake websites. Customers affected by the outage may have lost billions, but it is unclear if they will be compensated by CrowdStrike. CrowdStrike has apologized to customers but has not provided any financial compensation.

Winsage

July 25, 2024

We finally know what caused the global tech outage – and how much it cost | CNN Business

CrowdStrike released a faulty software update on July 19 due to a bug in its cloud-based testing system, causing Windows devices to crash and display the Blue Screen of Death. Millions of computers were affected, mainly in Europe and Asia. CrowdStrike is working on implementing new checks and a staggered approach to prevent similar incidents in the future.

Winsage

July 24, 2024

Microsoft Windows outage may cost Fortune 500 companies $5.4 billion – Times of India

- Microsoft Windows suffered a global outage impacting businesses and firms across industries. - Insurer Parametrix estimates US Fortune 500 companies will face [openai_gpt model="gpt-3.5-turbo-0125" prompt="Summarize the content and extract only the fact described in the text bellow. The summary shall NOT include a title, introduction and conclusion. Text: Financial Impact of Microsoft Windows Outage Microsoft Windows suffered a global outage last week, impacting businesses and firms across industries. While the total amount of losses incurred has not been determined yet, insurer Parametrix estimates that US Fortune 500 companies will face .4 billion in financial losses from the outage, as reported by Reuters. Parametrix stated that insured losses from the outage will likely total 0 million to .08 billion for the Fortune 500 companies. According to the Reuters report, major cyber insurer Beazley has no plans to change its guidance on its combined ratio after the mass IT outage. Ratings agency Fitch mentioned that the global insurance and reinsurance industry is likely to avoid any major financial impact from the outage. CrowdStrike Update Behind the Outage Microsoft's CrowdStrike outage impacted nearly 8.5 million Windows devices worldwide, disrupting internet services across the globe and affecting industries such as airlines, banking, and healthcare. A faulty software update from CrowdStrike, the US-based cybersecurity company, caused the disruption that crippled day-to-day operations across sectors, as confirmed by Microsoft. Malaysia Asks for Compensation In a separate report, Reuters mentioned that Malaysia's digital minister has asked global tech firms Microsoft and CrowdStrike to consider compensating companies that suffered losses during the global tech outage last week. Gobind Singh Deo stated, "If there are any damages or losses, where there have been any parties that have made such claims, I've asked them to consider those claims and see to what extent they are able to help resolve the issue." He also added that the government will assist on the claims where possible." max_tokens="3500" temperature="0.3" top_p="1.0" best_of="1" presence_penalty="0.1" frequency_penalty="frequency_penalty"].4 billion in financial losses from the outage. - Major cyber insurer Beazley has no plans to change its guidance on its combined ratio after the outage. - Faulty software update from CrowdStrike caused the disruption that impacted nearly 8.5 million Windows devices worldwide. - Malaysia's digital minister has asked Microsoft and CrowdStrike to consider compensating companies that suffered losses during the outage.

Winsage

July 20, 2024

CrowdStrike Bug hit 8.5 Million Windows Devices, Says Microsoft

A global tech outage caused by a software update from CrowdStrike has impacted nearly 8.5 million Microsoft devices, leading to widespread disruptions in air travel, broadcasting, and access to essential services like healthcare and banking. CrowdStrike has developed a solution to help expedite a fix for Microsoft's Azure infrastructure, and Microsoft is collaborating with Amazon Web Services and Google Cloud Platform to address the industry-wide effects of the outage. Delta Air Lines reported over 600 flight cancellations due to the disruption.