Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Microsoft IT outages hit worldwide after faulty update from cybersecurity firm Crowdstrike

Microsoft IT outages hit worldwide after faulty update from cybersecurity firm Crowdstrike

The BlockThe Block2024/07/19 11:49
By:The Block

Quick Take A faulty update from cybersecurity firm Crowdstrike has effected countless businesses around the world. Systems were faced with the “Blue Screen of Death” and unable to reboot.

Businesses around the world are facing massive IT disruptions after a faulty software update from cybersecurity firm Crowdstrike caused thousands of Windows-based IT systems and endpoints that downloaded the update to crash.

Affected systems were reportedly faced with the “blue screen of death” (BSOD) and were then unable to reboot and function properly. Images have appeared on social media showing  airports displaying the BSOD on arrival and departure boards. 

The cause stemmed from an update to the firm’s Falcon Sensor security product, and Crowdstrike is working on rolling back the faulty update, reports say. On the company’s SubReddit , a workaround has apparently been posted by a moderator, but would require manually implementing each system individually.

The outages have grounded flights, disrupted trains, affected banks, health services, and Sky News was unable to broadcast. The effects were first reported in Australia and New Zealand but have since spread into Asia and Europe, where airports were severely disrupted and thousands of passengers are facing delays. Delta, United, and American airlines have had flights grounded due to the disruption. 

In the financial sector, the London Stock Exchange reported technical issues with its news service, but said its exchange was reportedly functioning as normal. Meanwhile, Crowdstrike’s stock price has declined nearly 20% in pre-market trading.

Crowdstrike President and CEO George Kurtz made a statement on X amid the ongoing disruptions, stating that Crowdstrike is “actively working with customers impacted by a defect found in a single content update for Windows hosts. Mac and Linux hosts are not impacted.”

“This is not a security incident or cyberattack. The issue has been identified, isolated and a fix has been deployed. We refer customers to the support portal for the latest updates and will continue to provide complete and continuous updates on our website. We further recommend organizations ensure they’re communicating with CrowdStrike representatives through official channels. Our team is fully mobilized to ensure the security and stability of CrowdStrike customers,” He added.

Polygon CISO Mudit Gupta stated on X that Polygon uses Crowdstrike technology, but that they “weren't impacted because we don't roll out non-critical updates to our staff before testing them.”

“In any case, Polygon networks are decentralized. Even if Polygon Labs get affected in such an IT incident, nothing will be impacted on Polygon networks,” He added.

The incident has reportedly caused some experts to ponder and comment on the highly interconnected and digitalized nature of the global economy, saying the incident highlights fragilities in IT infrastructure.


0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like