CrowdStrike’s dramatic setback could be Palo Alto’s gain. The software update by CrowdStrike last week caused one of the largest IT blackouts in history, disrupting computers and technology systems worldwide and hammering the cybersecurity company’s reputation. While the risk of CrowdStrike losing existing customers is low, the outage may have an impact on new customer … Read more
Passengers seen waiting after a major disruption in Microsoft Corp.’s cloud services caused widespread flight cancellations and delays at T3 IGI Airport in New Delhi, India, on July 19, 2024. Vipin Kumar | Hindustan Times | Getty Images Republican representatives on Monday called on CrowdStrike CEO George Kurtz to testify in front of the House Committee … Read more
An update by cybersecurity firm CrowdStrike led to a major IT outage on Friday, impacting businesses around the world. CrowdStrike told NBC that it is in the process of rolling back the update that caused the issue, and later said a fix for the defect had been deployed. “CrowdStrike is actively working with customers impacted … Read more
A trader works on the floor at the New York Stock Exchange on July 3, 2024. Brendan Mcdermid | Reuters A massive IT outage that is causing unprecedented global disruptions isn’t holding up business as usual in most parts of the financial markets, though one index provider did experience complications. Officials at both the New … Read more
When computer screens went blue worldwide on Friday, flights were grounded, hotel check-ins became impossible, and freight deliveries were brought to a stand-still. Businesses resorted to paper and pen. And initial suspicions landed on some sort of cyberterrorist attack. The reality, however, was much more mundane: a botched software update from the cybersecurity company CrowdStrike. “In … Read more
The frequency of large-scale attacks on corporate enterprise IT is increasing. That’s not unusual or unexpected as companies spend heavily on cyber defense in an asymmetric war against hackers who can string together a few lines of code and wreak havoc. But the largest IT outage ever on Friday, resulting from a CrowdStrike software bug … Read more
The outages could result in “millions” being lost by organizations impacted who have had to halt their operations or stop business, says Lukasz Olejnik, an independent cybersecurity consultant, who says the CrowdStrike update appears to be linked to its Falcon Sensor product. The Falcon system is part of CrowdStrike’s security tools and can block attacks … Read more
One of the messages that Warren Buffett and Berkshire Hathaway’s top insurance executive, Ajit Jain, sent to investors during the company’s annual shareholder meeting in Omaha last month was that cyber insurance, while currently profitable, still has too many unknowns and risks for Berkshire, a huge player in the insurance market, to be fully comfortable … Read more
A global malware network responsible for the theft of $5.9 billion in Covid relief funds and tied to other crimes like child exploitation and bomb threats has been shut down, Department of Justice officials announced Wednesday. The DOJ arrested 35-year-old YunHe Wang, a Chinese national who was charged with creating the “botnet,” a kind of … Read more
Grand and Bruno created a video to explain the technical details more thoroughly. RoboForm, made by US-based Siber Systems, was one of the first password managers on the market, and currently has more than 6 million users worldwide, according to a company report. In 2015, Siber seemed to fix the RoboForm password manager. In a … Read more