20 July 2024
A widespread IT outage, potentially the largest in history, disrupted global businesses on Friday, affecting financial services, healthcare, broadcasting, and air travel. The issue stemmed from a defect in CrowdStrike’s latest update for Windows systems, which the company is actively addressing. While not a cyberattack, the outage coincided with separate issues in Microsoft’s cloud services, causing significant disruptions and impacting CrowdStrike’s stock price.