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In the News

The Global CrowdStrike Outage Triggered a Surprise Return to Cash

July 20, 2024

A recent Cloudflare outage caused widespread disruptions, forcing many businesses to revert to cash transactions or temporarily close. This incident highlighted the vulnerability of cashless systems, particularly in Australia, where the government promotes cashless transactions. Disruptions were also noted across various sectors in India and the US, impacting services like minor league baseball games, public pools, and movie theaters. Starbucks faced significant issues, compounding the problem with a promotional event. The outages reignited discussions about the security and resilience of cloud-based infrastructures, with some experts warning about the fragility of the current systems. Despite these challenges, certain cashless businesses reported benefits such as reduced transaction times and cost savings, while others were not affected by the outage at all.

The Global CrowdStrike Outage Triggered a Surprise Return to Cash Wired

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What is CrowdStrike, the company linked to the global outage?

July 19, 2024

A global computer outage on Friday, impacting airports, banks, and other businesses, was partly attributed to a software update from US cybersecurity firm CrowdStrike. The issue stemmed from a defect in a single content update of CrowdStrike's Falcon software on Microsoft Windows operating systems. The company's engineers addressed the problem by advising customers to reboot their computers. The outage, not caused by a cyberattack, led to a 10% drop in CrowdStrike's stock in premarket trading. CrowdStrike, known for its cybersecurity services to many businesses and governmental agencies, has also been notable for investigating significant cyber incidents, including Russian interference in the 2016 US election.

What is CrowdStrike, the company linked to the global outage? CNN

Read More

Data Breaches Highlight Lack of Basic Cyber Controls

July 19, 2024

This article discusses the prevalence of data breaches in the health technology sector, emphasizing how many incidents are linked to fundamental cybersecurity lapses. It identifies common vulnerabilities such as unpatched software, weak passwords, and inadequate access controls. The piece underscores the critical need for health tech companies to adopt basic cybersecurity measures to protect sensitive patient data from malicious actors.

Data Breaches Highlight Lack of Basic Cyber Controls publication

Read More

Cisco Releases Security Updates for Multiple Products | CISA

July 19, 2024

Cisco has issued security updates addressing vulnerabilities in several of its products, including network switches, security appliances, and collaboration tools. The patches focus on mitigating risks such as privilege escalation, denial of service, and remote code execution. Users and administrators are advised to apply these updates promptly to protect systems from potential exploitation. Further details and specific instructions on the updates are available on Cisco's official website.

Cisco Releases Security Updates for Multiple Products | CISA publication

Read More

The Global CrowdStrike Outage Triggered a Surprise Return to Cash

July 20, 2024

A recent Cloudflare outage caused widespread disruptions, forcing many businesses to revert to cash transactions or temporarily close. This incident highlighted the vulnerability of cashless systems, particularly in Australia, where the government promotes cashless transactions. Disruptions were also noted across various sectors in India and the US, impacting services like minor league baseball games, public pools, and movie theaters. Starbucks faced significant issues, compounding the problem with a promotional event. The outages reignited discussions about the security and resilience of cloud-based infrastructures, with some experts warning about the fragility of the current systems. Despite these challenges, certain cashless businesses reported benefits such as reduced transaction times and cost savings, while others were not affected by the outage at all.

The Global CrowdStrike Outage Triggered a Surprise Return to Cash Wired

Read More

What is CrowdStrike, the company linked to the global outage?

July 19, 2024

A global computer outage on Friday, impacting airports, banks, and other businesses, was partly attributed to a software update from US cybersecurity firm CrowdStrike. The issue stemmed from a defect in a single content update of CrowdStrike's Falcon software on Microsoft Windows operating systems. The company's engineers addressed the problem by advising customers to reboot their computers. The outage, not caused by a cyberattack, led to a 10% drop in CrowdStrike's stock in premarket trading. CrowdStrike, known for its cybersecurity services to many businesses and governmental agencies, has also been notable for investigating significant cyber incidents, including Russian interference in the 2016 US election.

What is CrowdStrike, the company linked to the global outage? CNN

Read More

Data Breaches Highlight Lack of Basic Cyber Controls

July 19, 2024

This article discusses the prevalence of data breaches in the health technology sector, emphasizing how many incidents are linked to fundamental cybersecurity lapses. It identifies common vulnerabilities such as unpatched software, weak passwords, and inadequate access controls. The piece underscores the critical need for health tech companies to adopt basic cybersecurity measures to protect sensitive patient data from malicious actors.

Data Breaches Highlight Lack of Basic Cyber Controls publication

Read More

Cisco Releases Security Updates for Multiple Products | CISA

July 19, 2024

Cisco has issued security updates addressing vulnerabilities in several of its products, including network switches, security appliances, and collaboration tools. The patches focus on mitigating risks such as privilege escalation, denial of service, and remote code execution. Users and administrators are advised to apply these updates promptly to protect systems from potential exploitation. Further details and specific instructions on the updates are available on Cisco's official website.

Cisco Releases Security Updates for Multiple Products | CISA publication

Read More
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Insights by Kate Gamble
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