Investing Updates : CrowdStrike Outage and Competitors

AI Summarization

Certainly! Last week, a global IT outage occurred due to a defect in a CrowdStrike update. Here are the key points:

1. Cause and Impact:

   • The outage affected Windows computers, impacting airlines, hospitals, banks, and more.
   • 8.5 million Windows devices were affected, but it was less than 1% of all Windows machines.
   • Airlines experienced flight cancellations and delays due to the disruption.

2. Malware Threat:

   • CrowdStrike CEO George Kurtz warned about malware disguised as a fix during the chaos.
   • Bad actors posed as CrowdStrike or BBVA Bank, distributing malware in nefarious campaigns.

3. Recovery Timeline:

   • Recovery may take weeks, with organizations still dealing with fallout.
   • Microsoft is taking mitigation action to address the lingering impact¹².

Remember that this information is based on my knowledge up to 2021, and I recommend checking more recent sources for updates on CrowdStrike’s status and recovery. 😊³¹²

My Thoughts

• This shows the over-reliance of one tech can disrupt business operations in critical ways.
• Imo, this can happen to any company. Better to be on security software than on financial systems? 😆
• This episode breathes life into CrowdStrike's competitors.

https://www.moomoo.com/community/feed/112829708566533?is_recommendation=0&is_recommend_pos=0&futusource=news_headline_list