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Business•JUL 14, 2024

CrowdStrike Faces Scrutiny After Faulty Update Causes Global IT Outage

Cybersecurity firm CrowdStrike is under intense scrutiny after a faulty software update caused a global IT outage, disrupting businesses, airlines, healthcare systems, and financial institutions. The incident, which led to over $10 billion in economic losses, has raised concerns about cybersecurity practices and the reliability of cloud-based security providers.

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