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Tech Outages Hit Malaysia's Bursa Malaysia Stock Exchange

A sign board displaying Toronto Stock Exchange stock information is seen in Toronto

Recent technical outages have disrupted operations at Malaysia's Bursa Malaysia Bhd stock exchange and KTM Berhad, the country's largest railway operator.

Bursa Malaysia Bhd has reported experiencing tech outages, with the FTSE Bursa Malaysia KLCI index value feed facing service disruption. The company is actively investigating the issue, as confirmed by Malaysia's national news agency Bernama.

On the other hand, KTM Berhad has encountered disruptions in its ticketing system and customer service channels. The disruptions are attributed to 'CrowdStrike Microsoft Windows,' and KTM Berhad is diligently working to restore its services to normalcy.

Understanding CrowdStrike

Industry experts have pointed towards CrowdStrike, a prominent cybersecurity firm, as a potential source of the global tech disruption. CrowdStrike counts Microsoft Windows among its clients and offers cybersecurity solutions, including the widely-used CrowdStrike Falcon platform.

CrowdStrike Falcon is a cybersecurity platform favored by large corporations and government entities, such as major global banks, healthcare organizations, and energy companies. Despite its significance in the cybersecurity realm, CrowdStrike has not yet addressed its potential involvement in the ongoing outage affecting Bursa Malaysia Bhd and KTM Berhad.

Efforts to seek clarification from CrowdStrike regarding the situation are underway, as stakeholders await further insights into the root cause of the disruptions.

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