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Tuesday, 23 July 2024

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:

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. πŸ˜Š312

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? πŸ˜†
  • 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



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