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The Latest Breaking News from CrowdStrike

Cathie Wood Buys CrowdStrike Amid Dive; Builds Up Stake In Sam Altman Startup

Cathie Wood's Ark bought CrowdStrike amid the stock's dive Friday and Monday while also adding to her position in Sam Altman-backed Oklo.

Investors Business Daily

CrowdStrike outlines just what went wrong with its update — as many systems around the world are now back up

CrowdStrike releases statement on what went wrong, and what to do next

TechRadar

London ambulance calls surge as IT outage leaves patients struggling to contact GPs

NHS warns of further disruption to services this week

Evening Standard

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Experts Suggest CrowdStrike Update Behind Global Outage Likely Skipped Key Checks

The lack of thorough testing is believed to have contributed to the widespread disruption affecting clients' computer systems worldwide.

Latin Times

Business secretary expects to call in Czech billionaire’s Royal Mail takeover for review; Ryanair profits fall 46% – as it happened

UK business secretary Jonathan Reynolds says it is “reasonable” to expect Daniel Kretinsky’s £3.6bn takeover of Royal Mail would be subject to government review

The Guardian - UK

CrowdStrike says significant number of devices back online after global outage

But experts says full recovery from Friday’s IT failure could take weeks

The Guardian - UK

Corfu holidaymakers suffer 50-hour delay 'nightmare' after IT meltdown hits flights

A Tui flight to Manchester due to depart on Friday was rescheduled to Sunday

Evening Standard

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The Crowdstrike outage showed that risk management is essential. Why are so many businesses reluctant to do it?

In the wake of the widespread chaos we saw on Friday, one old adage perhaps feels even truer now than when it was first coined in the 1960s:

The Conversation

Stock market today: Asian shares fall after Wall St ends worst week; Biden withdraw from 2024 race

Asian stocks are mostly lower after President Joe Biden exited the 2024 race

The Independent UK

CrowdStrike warned government ‘dependency’ on tech providers could cause problems (but not like this)

Mike Sentonas’ warning to the federal government was about tech providers from ‘foreign adversaries’, not companies whose borked updates accidentally cause a global IT outage.

Crikey

Microsoft-CrowdStrike outage: how a single software update was able to cause IT chaos across the globe

The world as we know it increasingly relies on digital connectivity that, for the most part, works quietly and invisibly in the background. So how did a single software update bring down half the internet?

The Conversation

Apple fans stay humble despite CrowdStrike causing Windows outage

The CrowdStrike IT outage is unprecedented, but Apple users have been remembering how they weren't always so lucky.

iMore

UK doctors and travel firms warn of backlog after global IT outage

CrowdStrike has ‘fixed’ defect but knock-on effects of disruption continue to affect NHS and air travel

The Guardian - UK

Small businesses grapple with global tech outages created by CrowdStrike

Businesses from airlines to hospitals have been grappling with faulty software update that caused technological havoc worldwide on Friday

The Independent UK

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Top News

Over 1,000 US Flights Canceled For Third Day Due To Tech Outage

Global tech outage causes over 1,000 US flight cancellations for 3 days. CrowdStrike software update leads to widespread disruptions.

Barchart

Should You Buy CrowdStrike Stock? Its Dip Make CRWD Appealing to Contrarians

Contrarians are now looking at CrowdStrike stock. The stock is down almost 22% after its software crash last week. However, its free cash flow is still strong. Put option premiums are now very high, ideal for short plays.

Tom’s Hardware

Microsoft releases CrowdStrike Recovery Tool — admits 8.5 million Windows devices were affected by the BSOD issue

Microsoft released an official recovery tool that will help developers and system administrators roll out the fix for CrowdStrike affected computers much faster.

The Independent UK

GPs need time to recover from global IT outage, warns BMA

A flawed update from cybersecurity provider CrowdStrike knocked many systems offline around the world on Friday.

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news in one place.

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International Business Times

Experts Suggest CrowdStrike Update Behind Global Outage Likely Skipped Key Checks

The lack of thorough testing is believed to have contributed to the widespread disruption affecting clients' computer systems worldwide.

The Guardian - AU

Crowdstrike tells Australian government it is ‘close to rolling out automatic fix’ after global outage

Home affairs minister Clare O’Neil says systems should soon be back online but business groups say companies may need days to recover

The Guardian - AU

Sydney commuters face delays as light rail workers strike – as it happened

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Top News

Global Warning: Phishing Scams Exploit Cybersecurity Outage

Learn about the aftermath of the CrowdStrike software update issue, including phishing scams, flight cancellations, and healthcare system challenges.

The Guardian - UK

The Observer view on the global IT crash: lessons must be learned from CrowdStrike fiasco

Error that caused a global standstill reveals fragility of a networked world that has been created for efficiency rather than resilience

The Independent UK

Thousands of passengers face fresh flight cancellations and delays in aftermath of global IT outage

Exclusive: Tui passengers were worst hit on Friday, with British Airways and easyJet grounding the highest number of flights on Saturday. In total, 75,000 passengers have been affected since Friday

The Independent UK

8.5 million computers running Windows affected by faulty update from CrowdStrike

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

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