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CrowdStrike executive questioned by lawmakers over global tech outage
Economic Times
·
10m ago
Medial
Lawmakers questioned an executive from cybersecurity firm CrowdStrike about a global technology outage caused by a faulty update sent to CrowdStrike software running on Microsoft's Windows operating system. The incident disrupted global travel, government agencies, and major companies. CrowdStrike has implemented new safeguards to prevent a similar failure in the future, but lawmakers pressed for more answers about why the error happened and how the company plans to address the harm caused. This incident highlights the dependence on large technology companies and the need for regulation. CrowdStrike faced criticism for the impact on consumers and potential legal claims.
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Google-parent Alphabet cut stake in Crowdstrike before July global outage
Economic Times
·
1y ago
Medial
Alphabet, the parent company of Google, has reduced its stake in cybersecurity firm Crowdstrike before the global outage caused by a software update. Alphabet cut its stake from 855,789 shares to 427,895 class A shares. Crowdstrike has not yet responded to requests for comment. The tech outage on July 19, caused by a Crowdstrike software update, impacted various sectors and resulted in a 35% drop in Crowdstrike shares. Shareholders have sued the company over misleading assurances regarding its software. Delta Airlines claims the outage cost them $500 million and is seeking compensation from Crowdstrike and Microsoft.
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Microsoft says about 8.5 million of its devices affected by CrowdStrike-related outage
Economic Times
·
1y ago
Medial
A software update by cybersecurity firm CrowdStrike caused a global tech outage, impacting around 8.5 million Microsoft devices, according to a blog post by Microsoft. The update affected less than one percent of all Windows machines, but still resulted in disruptions and delays for air passengers and various industries. Microsoft is collaborating with CrowdStrike, as well as Amazon Web Services and Google Cloud Platform, to find solutions and mitigate the issue.
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The Godfather neutralised, but malware mafia alive and kicking
Economic Times
·
1y ago
Medial
Cybersecurity experts have warned that malicious domains and phishing campaigns are still active, targeting companies impacted by the global outage caused by faulty software from CrowdStrike. Cybercriminals are taking advantage of the chaos caused by the CrowdStrike crisis and using phishing emails to distribute malware and ransomware. Nearly 37,000 employees from top global organizations have fallen victim to these phishing campaigns. Malicious domains, with names resembling CrowdStrike, are being used to trick employees into paying for system recovery. In total, 900 such domains have been detected since the outage, affecting various industries including aviation, banking, and IT.
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Malicious actors trying to exploit global tech outage for their own gain
Economic Times
·
1y ago
Medial
Government cybersecurity agencies and CrowdStrike CEO George Kurtz are warning businesses and individuals about phishing schemes related to the recent software update outage caused by CrowdStrike. Malicious actors are posing as CrowdStrike employees or tech specialists offering assistance. Airlines, especially in the US, have been heavily affected by the outage, with thousands of flights canceled. Healthcare systems faced clinic closures and restricted access to patient records. Questions are being raised about the quality control of the software update from CrowdStrike, and experts expect scammers to exploit the situation through targeted phishing attempts. Affected businesses should only use a fix from CrowdStrike and be wary of unsolicited help.
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Insurers face business interruption claims after global tech outage
Economic Times
·
1y ago
Medial
Insurers are bracing themselves for an influx of business interruption claims following a worldwide tech outage that occurred on Friday. The outage, triggered by a software update by cybersecurity firm CrowdStrike, affected various industries including travel, finance, and healthcare. While some businesses may be able to claim for losses, others may not have coverage in their insurance policies. There may also be legal claims against CrowdStrike and Microsoft, who were involved in the defective update. Additionally, travel insurance claims are expected to rise due to missed connections and delays caused by the outage.
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Elon Musk takes a jibe at Microsoft’s outage; here's what he says..
Livemint
·
1y ago
Medial
Tech mogul Elon Musk has taken a swipe at Microsoft following a global outage caused by a recent update of CrowdStrike's Falcon sensor. The disruption led to system failures and halted numerous PCs worldwide. Musk tweeted "Macrohard >> Microsoft," mocking the tech giant during the crisis. He also shared a meme highlighting the irony that X (formerly Twitter) remained operational while other platforms faltered. The outage has underscored the importance of tech infrastructure and the need for robust systems. CrowdStrike has acknowledged the issue, rolled back the update, and released fixes to address the crashes.
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Delta sues cybersecurity firm CrowdStrike over tech outage that canceled flights
Economic Times
·
9m ago
Medial
Delta Air Lines has filed a lawsuit against cybersecurity company CrowdStrike, alleging that the company's negligence led to a global technology outage that resulted in thousands of flight cancellations in July. Delta is seeking compensation and punitive damages for the outage, which occurred due to a faulty update sent to Microsoft computers. The airline claims that CrowdStrike failed to properly test the update before deploying it worldwide. The US Department of Transportation is investigating Delta's slow recovery from the outage and complaints about their customer service during the incident. CrowdStrike has responded by stating that Delta's claims are based on misinformation and a lack of understanding of cybersecurity.
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CrowdStrike is sued by fliers after massive outage disrupts air travel
Economic Times
·
1y ago
Medial
Cybersecurity company CrowdStrike is facing a proposed class action lawsuit filed by air travelers who experienced flight delays or cancellations during last month's global computer outage. The plaintiffs blamed CrowdStrike's testing and deployment of its software for the outage, which also affected banks, hospitals, and emergency lines. They are seeking compensatory and punitive damages for the financial and personal impact they suffered. CrowdStrike denies the allegations and plans to vigorously defend the case. Delta Air Lines, which incurred significant costs due to flight cancellations, may also take legal action against CrowdStrike.
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Lawmakers want US tech CEOs to address concerns about submarine cables - The Economic Times
Economic Times
·
18d ago
Medial
U.S. lawmakers have expressed concerns about the security of submarine communication cables, highlighting risks linked to China and Russia. They questioned the CEOs of major tech firms like Alphabet, Meta, Amazon, and Microsoft about their efforts to secure these cables, which handle 99% of international internet traffic. The lawmakers referenced Chinese entities' involvement in cable maintenance, emphasizing potential vulnerabilities in the infrastructure critical for global connectivity.
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Working closely with CrowdStrike to bring systems back online: Microsoft CEO Satya Nadella
Economic Times
·
1y ago
Medial
Microsoft is working with CrowdStrike to resolve a global outage caused by a recent update released by CrowdStrike. CEO Satya Nadella stated that they are collaborating to bring affected systems back online safely. The outage impacted various industries, including airlines and hotels, and resulted in Windows users experiencing blue screen errors. While Microsoft has addressed the underlying cause, residual cybersecurity issues continue for some customers. The incident highlights the importance of contingency plans when a single point of failure occurs in IT systems or software.
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