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One small update brought down millions of IT systems around the world. It's a timely warning

Economic Times

Economic Times · 11m ago

One small update brought down millions of IT systems around the world. It's a timely warning

This weekend, a global IT outage occurred due to a software update in Crowdstrike Falcon, a popular cybersecurity tool. This caused Microsoft Windows computers worldwide to crash. The incident highlights the fragility of modern IT infrastructure and the risks of digital monoculture. Organizations using the same cloud providers and cybersecurity solutions are susceptible to cascading problems. The outage disrupted various sectors, including airlines, retail, banking, and media. It is a reminder to distribute IT infrastructure across multiple cloud service providers and incorporate redundancies to mitigate the impact of outages. Continual adaptation and preparedness are crucial for the resilience of global communications infrastructure.

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Kevin O'Leary, the 'Mr. Wonderful' from Shark Tank, Sounds the Alarm A Looming Financial Crisis Threatens Small Business Owners

Business Bytes

Business Bytes · 1y ago

Kevin O'Leary, the 'Mr. Wonderful' from Shark Tank, Sounds the Alarm A Looming Financial Crisis Threatens Small Business Owners

Kevin O'Leary, the 'Mr. Wonderful' from Shark Tank, Sounds the Alarm A Looming Financial Crisis Threatens Small Business Owners In the world of business, Kevin O'Leary, affectionately known as "Mr. Wonderful" from the hit TV show Shark Tank, is renowned for his no-nonsense approach to investments and his sharp eye for opportunities. However, his latest warning isn't about the next big deal; it's about a financial crisis that's quietly creeping up on us all.

US newspapers sue OpenAI for copyright infringement over AI training

Economic Times

Economic Times · 1y ago

US newspapers sue OpenAI for copyright infringement over AI training

Newspapers, including the New York Daily News and Chicago Tribune, have filed a lawsuit against Microsoft and OpenAI, alleging that the companies unlawfully copied millions of articles to train their AI systems. These systems, such as Microsoft's Copilot and OpenAI's ChatGPT, are accused of reproducing copyrighted content and generating fake articles that harm the newspapers' reputations. Other news outlets have also brought similar ongoing lawsuits against Microsoft and OpenAI. The newspapers are seeking monetary damages and an injunction to prevent further infringement.

CrowdStrike CEO warns of hacking threat as outage persists

Livemint

Livemint · 11m ago

CrowdStrike CEO warns of hacking threat as outage persists

Last week's CrowdStrike glitch that affected Microsoft Windows devices caused major disruptions and impacted around 8.5 million devices. CrowdStrike warned customers about hackers exploiting the event by distributing a malicious file disguised as a quick fix, enabling hackers to control or monitor users' devices. The outage caused flight delays and cancellations, including over 600 flights by Delta Air Lines. The glitch also affected healthcare services in the UK, causing disruptions to appointment and patient record systems. The interconnected nature of technology allowed a single update to cause chaos for millions of people globally.

Bill Gates criticises Elon Musk over USAID shutdown plans and political endorsements | Mint

Livemint

Livemint · 4m ago

Bill Gates criticises Elon Musk over USAID shutdown plans and political endorsements | Mint

Bill Gates has expressed concerns over Elon Musk's plan to shut down USAID, warning of serious global repercussions. Gates acknowledges Musk's innovations but criticizes his political endorsements and potential impact on government policies. He emphasizes that USAID is crucial for global humanitarian efforts, with partnerships in nutrition and vaccines. Gates urges careful consideration of public policies, stressing that closing the agency without thorough understanding could jeopardize millions of lives.

Widespread Microsoft outage takes email and video conferencing offline

Economic Times

Economic Times · 7m ago

Widespread Microsoft outage takes email and video conferencing offline

Microsoft experienced outages on Monday due to a faulty software update that affected its email and videoconferencing systems. Users reported issues with Outlook and Microsoft Teams, and the problem was attributed to recent software changes. Microsoft acknowledged the outage and deployed an update to address the issue, but recovery efforts faced delays. The company did not provide a timeline for a full fix, and this rare incident highlighted the vulnerability and dependence on computer systems in today's world.

Tesla Recalling Almost Every Car It's Sold In The US

Gizmodo

Gizmodo · 1y ago

Tesla Recalling Almost Every Car It's Sold In The US

Tesla has issued a recall for almost every car it sold in the U.S. due to illegible warning lights. The font on certain warning lights is too small, making critical safety information difficult to read and increasing the risk of a crash. The recall affects over 2 million vehicles, including various models like the Model S, Model X, Model 3, Model Y, and Cybertruck. Tesla will address the issue with a software update, which has already started rolling out to impacted vehicles. This is the first recall for the Tesla Cybertruck, and owners can check if their vehicle is affected through NHTSA's website or app.

Viral outrage over Apple's EU payment warnings misses key fact

TechCrunch · 1m ago

Viral outrage over Apple's EU payment warnings misses key fact

Apple's warning messages on EU App Store listings using third-party payment systems are not new, contrary to recent reports. Apple confirmed that these disclosure screens have been live since March 2024 as part of its DMA Compliance Plan. The confusion stemmed from a viral post, but Apple clarified that the messages are longstanding and it plans to update them. The European Commission has not objected, but fined Apple for noncompliance, which Apple is appealing.

Tech News Today Live Updates on November 10, 2024: OnePlus 12R gets Android 15 powered OxygenOS update in India: How to download, top new features and more

Livemint

Livemint · 7m ago

Tech News Today Live Updates on November 10, 2024: OnePlus 12R gets Android 15 powered OxygenOS update in India: How to download, top new features and more

Tech News Today Live Updates on November 10, 2024: The OnePlus 12R smartphone has received an Android 15 powered OxygenOS update in India. Users can now download the update and enjoy new features. Stay updated with the latest technology news from around the world, including gadgets, software updates, and advancements in AI and blockchain.

MobiKwik shares skid 6% as investors book profits after 117% returns in 2 sessions

Economic Times

Economic Times · 6m ago

MobiKwik shares skid 6% as investors book profits after 117% returns in 2 sessions

Recently, One MobiKwik Systems shares fell by 5.7% following their listing on the BSE. The decline came after a rally of 37% in the previous two days. MobiKwik's IPO was oversubscribed by 119 times due to optimism around its profitability and the digital payments sector. The company plans to use the funds to scale financial and payment services, advance AI and machine learning, and enhance payment device infrastructure. MobiKwik operates a dual-sided payments platform with millions of registered users and merchants. Bajaj Finance, ADIA, and American Express are among the company's stakeholders.

Malicious actors trying to exploit global tech outage for their own gain

Economic Times

Economic Times · 11m ago

Malicious actors trying to exploit global tech outage for their own gain

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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