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As the world continues to recover from massive business and travel disruptions caused by a faulty software update from cybersecurity firm CrowdStrike, malicious actors are trying to exploit the situation for their own gain

Transport providers, businesses and governments are rushing to get all their systems back online after long disruptions following a widespread technology outage

software update caused havoc worldwide and led to the grounding by almost all airlines of a number of flights, but the impact is receding. Total cancellations within, into or out of the US early Monday totalled 758, according to the latest data from FlightAware, which is greater than a typical with no holiday. The vast majority of cancellations were Delta Air Lines flights.

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About 8.5 million computers got disabled globally in the great outage that left users of Windows blue-walled last week, as estimated by Microsoft, which makes the operating software. This, the company noted, meant that less than 1% of the world’s devices with Windows got hit by the faulty update installed online by CrowdStrike, a cybersecurity firm.

boring technology’ in a blog post that gained popularity in the tech industry. The core idea is that while building systems or making technological choices, it’s often better to opt for well-established, proven technologies, rather than chasing the latest, trendiest options. A key element of McKinley’s essay is the idea of ‘innovation tokens’, which he describes as a limited resource that organisations should spend wisely. In the context of technology choices, McKinley suggests that companies have a finite capacity for innovation and should, therefore, be selective about where they decide to be cutting-edge. If a company uses up some of its innovation tokens in trying out a glamorous new technology that is not tried and tested widely, it will have fewer resources left for innovation in its business domain and in serving its customers. As McKinley puts it, “If you think about innovation as a scarce resource, it starts to make less sense to also be on the front lines of innovating on databases. Or on programming paradigms. The point isn’t that these things can’t work. Of course, they can work. There are many examples of them actually working. But software that’s been around longer tends to need less care and feeding than software that just came out.”

software update that caused technological havoc worldwide on Friday, and its repercussions continued through the weekend. The breadth of the outages highlighted the fragility of a digitized world dependent on a few providers for key computing services. But the problem appeared to divide those affected into haves and have-nots. Major customers of Microsoft and CrowdStrike are getting IT support to resolve the issues, but many smaller businesses whose Windows PCs may have received the problematic update are still struggling. Take Tsvetta Kaleynska, owner and founder of the Manhattan-based consumer insights company RILA Global Consulting, which has Fortune 500 clients. As of Saturday, she resolved the payroll issue and she got an extension until Monday on the research project. But the prospective client will not move forward with the new contract, cutting her annual earnings by nearly 25%, she estimated. The problem: she couldn't sign the contract because Docusign, which runs on Microsoft software affected by the faulty update, was down.

tech industry body Nasscom said in a report. Despite the increase in investments, however, there was a nearly 50% decline in funding rounds during the first half of this year compared to the second half of last year, Nasscom said in its latest Generative AI tracker.

Boeing has a parking problem. Parts shortages and other issues have left the jet maker with about 200 fully or mostly finished airplanes sitting in airfields, outside plants and—in one location—an employee parking lot. Some of the planes are awaiting interiors; others need engines.

Zomato delivery agents in Bengaluru, revealing that their income can surpass that of many IT engineers in India. Kamath, who runs the 'Full Disclosure' YouTube channel, shared insights from her discussions with two delivery agents, highlighting the disparity between their earnings and those of average IT professionals.

Airlines struggled on Saturday to contain the effects of Friday’s tech outage that had wrecked travel schedules around the world, delaying or stranding passengers and flight crews. The outage forced over 250 cancellations in India, part of about 7,000 worldwide, leading to chaos at airports. While carriers said they were getting a grip on the situation, the ripple effects were still being felt on Saturday with India’s largest airline IndiGo cancelling around 90 flights. The disruptions were expected to have a cascading effect because airport landing slots and support staff are limited, even with crews working at full stretch. “Regulations also limit how many hours crews can work at a stretch, including time spent waiting at airports. That can force airlines to find and assign other pilots and attendants to take over, leading to further delays,” an airline executive said. The outage, blamed on an errant software update, led to the collapse of Navitaire, the technology platform that’s used primarily by no-frills carriers to check in passengers.

Amidst the chaos caused by a faulty software update from global cybersecurity firm CrowdStrike, Bitcoin remains unaffected due to its decentralized nature and independence from centralized providers and infrastructure.

one of the biggest IT outages affected several sectors and crippled services across the world, Microsoft on Saturday said that a software update by cybersecurity firm CrowdStrike affected nearly 8.5 million Microsoft devices.“While software updates may occasionally cause disturbances, significant incidents like the CrowdStrike event are infrequent. We currently estimate that CrowdStrike’s update affected 8.5 million Windows devices, or less than one percent of all Windows machines," said Microsoft in a blog.Microsoft further added that while the percentage was small, the broad economic and societal impacts reflect the use of CrowdStrike by enterprises that run many critical services.The tech giant said that they are working around the clock and providing ongoing updates and support.“Additionally, CrowdStrike has helped us develop a scalable solution that will help Microsoft’s Azure infrastructure accelerate a fix for CrowdStrike’s faulty update.

Your company may be sufficiently insured if your business is interrupted due to data breaches or hacking incidents. But does it also cover losses due to software updates, especially in a world of interconnected devices, where a buggy software update on a central server could impact multiple devices like computers, smartphones, smart kiosks, ATMs, smart TVs, etc., and hence impact many business channels, simultaneously? Under normal circumstances, such a question would sound odd since one would assume that most companies would have insured themselves against data breaches, ransomware attacks, cyberattacks and other such business interruptions or even power outages.

Security experts said CrowdStrike's routine update of its widely used cybersecurity software, which caused clients' computer systems to crash globally on Friday, apparently did not undergo adequate quality checks before it was deployed. The latest version of its Falcon Sensor software was meant make CrowdStrike clients' systems more secure against hacking by updating the threats it defends against. But faulty code in the update files resulted in one of the most widespread tech outages in recent years for companies using Microsoft's Windows operating system.

Washington, Jul 20, 2024 -CrowdStrike, the cybersecurity company behind a massive global IT outage, is the leader in its sector, known for building software defenses for the cloud computing age and exposing Russian and North Korean threats. Based in Austin, Texas, the company was founded in 2011 by George Kurtz, Dmitri Alperovitch and Gregg Marston.

Bhavish Aggarwal, co-founder and chief executive officer of Ola Cabs, while commenting on the Microsoft Windows outage on July 19, said outages could happen due to “deliberate action by bad actors". On Friday, a flawed software update sent out by a cybersecurity company caused major computer outages around the world, and millions of Windows users are experiencing the Blue Screen of Death (BSOD) error which is causing the system to suddenly shut down or restart.In a post on the social media platform X, he said, “On the @Microsoft outage, here’s the main thing I feel we can do.

A global technology outage grounded flights, knocked banks offline and media outlets off air after a faulty software update disrupted companies and services around the world and highlighted their dependence on just a handful of providers

Much of the world faced online disarray Friday as a widespread technology outage affected companies and services across industries — grounding flights, knocking banks and hospital systems offline and media outlets off air

Airlines, banks, hospitals and other risk-averse organizations around the world chose cybersecurity company CrowdStrike to protect their computer systems from hackers and data breaches

Follow Microsoft Outage Live Updates hereIs this a cyberattack? How did the outage happen? Why is Microsoft in news? What is CrowdStike? What did the Indian government say on the IT outage? And why is the "blue screen of death" trending? When will the issue be fixed? And can we call it the “largest" IT outage in history? Here's all you need to know about the global outage on Friday.Cybersecurity researcher Troy Hunt said in a post on X, "I don't think it's too early to call it: this will be the largest IT outage in history" He was quoted by CNBC as saying, "Ongoing tech disruption is set to be the largest IT outage in history." Meanwhile, " an opinion piece in Sky news.com read, “It's possible we are looking at the largest IT outage in history.""This is not a security incident or cyberattack," CrowdStrike CEO George Kurtz clarified on Friday. He said there was "a defect found in a single content update for [Microsoft] Windows hosts".