A massive IT outage caused by an update to an antivirus program called CrowdStrike has left airlines, banks, TV channels, and other businesses around the world scrambling to deal with the repercussions. The outage, which is one of the biggest in recent years, is estimated to cost the global economy billions of dollars, according to Fabrice Epelboin, a teacher at Sciences Po Paris and an entrepreneur.
The outage, which affected a wide range of industries, highlights the importance of ensuring that software updates are thoroughly tested before being implemented. In this case, the update to the CrowdStrike antivirus program led to widespread disruptions and financial losses for businesses worldwide.
The impact of the IT outage serves as a reminder of the interconnected nature of the global economy and the potential risks that come with relying on technology for critical business operations. As companies work to address the fallout from the outage and assess the financial implications, the incident underscores the need for robust cybersecurity measures and contingency plans in place to mitigate the risk of similar disruptions in the future.
Watch the video by FRANCE 24 English
Video “CrowdStrike IT outages ‘will cost billions of dollars’ • FRANCE 24 English” was uploaded on 07/19/2024 to Youtube Channel FRANCE 24 English