Major IT Outage Impacting Businesses Worldwide
Worldwide businesses impacted by major IT outage involving CrowdStrike and Microsoft, leading to disruptions in financial services, healthcare, and air travel. CrowdStrike's CEO confirms fix for update defect, while Microsoft works on resolving issues. Shares of both companies decline in premarket trading.
Key Points
- Financial services and general practitioners' offices disrupted
- Air travel severely impacted with planes grounded and delays
- CrowdStrike CEO confirms issue is not a security incident or cyberattack
- Microsoft cloud services restored after outage
Pros
- CrowdStrike identifies and resolves defect in update
- Microsoft working on resolving issues with cloud services
- Government agencies and cybersecurity firms actively involved in addressing the situation
Cons
- Disruptions in financial services, healthcare, air travel, and general business operations
- Shares of CrowdStrike and Microsoft decline in premarket trading