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☆ Crowdstrike shares plunge in premarket after massive global IT outage
▼ + stars: | 2024-07-19 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Crowdstrike shares dropped as much as 20% in premarket trade on Friday after an IT outage caused chaos. Microsoft shares also fell as issues with the firm's services disrupted airports and emergency services. AdvertisementCrowdstrike's stock price plunged Friday as a massive IT outage caused global chaos. Elsewhere, Microsoft's stock also looked set to drop on Friday, falling by as much as 3% in premarket trade. AdvertisementIn a post on X, CrowdStrike CEO George Kurtz said the company is "actively working with customers impacted by a defect found in a single content update for Windows hosts.

Persons: —, George Kurtz Organizations: Microsoft, Service, London Stock Exchange, Windows, Linux, Business

“This outage is historic in scale,” Mikko Hypponen, a research specialist at the software company WithSecure and a cybercrime adviser to Europol, told DealBook. It issued a software update that is causing Microsoft systems, including its Azure cloud service, to crash or not function properly. Long queues of airline passengers could be seen at airports around the world, with some resorting to manual check-in. In France, the television networks TF1 and Canal+ told the public on X that they could not go on the air on Friday morning. The incident points to how reliant the global economy is on a handful of major tech companies to run vital infrastructure.

Persons: ” Mikko Hypponen, Europol, DealBook, George Kurtz, CrowdStrike, ” Organizations: Microsoft, United, Delta, Airlines, Air France, KLM, Japan Airlines, TF1, Sky Locations: Europe, Asia, France

☆ Crowdstrike says the global IT outage was not caused by a cyberattack
▼ + stars: | 2024-07-19 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +1 min

Crowdstrike CEO George Kurtz said a mass outage was not caused by a cyberattack. He said customers were affected "by a defect found in a single content update for Windows." AdvertisementCrowdstrike, the firm linked to the major global IT outage, has ruled out a cyberattack. In a statement on X, CEO George Kurtz said the outage was "not a security incident or cyberattack." He said the company was "actively working with customers impacted by a defect found in a single content update for Windows hosts.

Persons: George Kurtz, Kurtz, — Organizations: Service, Windows, Linux, Business

☆ What is Crowdstrike and how is it linked to the global outage?
▼ + stars: | 2024-07-19 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +1 min

CNN —The global computer outage affecting airports, banks and other businesses on Friday appears to stem at least partly from a software update issued by major US cybersecurity firm CrowdStrike, experts told CNN. The issue is specific to Falcon, one of CrowdStrike’s main software products, and is not impacting Mac or Linux operating systems, according to the advisory. CrowdStrike’s cybersecurity software — used by numerous Fortune 500 companies — detects and blocks hacking threats. Like other cybersecurity products, the software requires deep-level access to a computer’s operating system to scan for those threats. CrowdStrike is perhaps best known for investigating the Russian hack of Democratic National Committee computers during the 2016 US election.

Persons: CrowdStrike, “, George Kurtz, Kurtz Organizations: CNN, Microsoft, Fortune, CrowdStrike, Democratic National Committee

☆ Why it's taking time for companies to recover from the Crowdstrike IT outage
▼ + stars: | 2024-07-19 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Airlines, banks, and supermarkets face disruption due to an IT outage linked to Crowdstrike. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMajor airlines, banks, and supermarkets are experiencing widespread disruptions linked to an IT outage after Microsoft reported problems linked to an update issued by cybersecurity firm Crowdstrike. He told NBC News that Crowdstrike was rebooting its operations but that "it could be some time for some systems — it [won't] just automatically recover." This story is available exclusively to Business Insider subscribers.

Persons: —, George Kurtz, Crowdstrike Organizations: Service, Microsoft, NBC News, Business

☆ How a software update caused one of the world's biggest IT blackouts
▼ + stars: | 2024-07-19 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

On Friday, the cybersecurity firm experienced a major disruption following an issue with a software update. CrowdStrike is a cybersecurity vendor that develops software to help companies detect and block hacks. In the case of Friday's outage, machines running Microsoft's Windows operating system crashed due to a fault in the way a software update issued by CrowdStrike interacted with Windows. We approximate impact started around 19:00 UTC on the 18th of July," Microsoft said in an update at 5:40 a.m. Unless Microsoft and CrowdStrike (if they are involved) pull something miraculous out of the bag, this could be painful to recover from."

Persons: George Kurtz, Patrick T, CrowdStrike, —, Kurtz, Andy Grayland, They'd Organizations: CrowdStrike Inc, Montgomery Summit, Fallon, Bloomberg, Getty, TV, CNBC, Fortune, Windows, Machines, Microsoft, CrowdStrike, Linux Locations: Santa Monica , California, Texas, U.S

☆ How one IT update gone wrong has sparked chaos around the world
▼ + stars: | 2024-07-19 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Read previewIf the world needed a wake-up call on just how fragile its IT systems are, it just got one: a small update gone wrong appears to be the culprit for a total global meltdown. CEO George Kurtz said on X the issue was caused by a "defect found in a single content update for Windows" with a fix now deployed. CrowdStrike is actively working with customers impacted by a defect found in a single content update for Windows hosts. AdvertisementBug checkAccording to Microsoft's Azure status page , it's a particular issue with Crowdstrike's "Falcon agent" that was affecting systems. In other words, the agent meant to detect bugs is getting checked to see if it's a bug itself — and causing problems as a result.

Persons: —, Morgan, George Kurtz, — George Kurtz, Crowdstrike, Dan Coatsworth, AJ Bell, Omer Grossman, Grossman, Brody Nisbet Organizations: Service, Business, Bloomberg, Computers, Woolworths, Microsoft, CrowdStrike, Windows, Linux, Democratic National Committee, Sony Pictures Locations: Japan, Australia, Switzerland, Singapore, Britain, Austin

☆ AT&T's massive data breach deepens crisis for Snowflake seven weeks after hack was disclosed
▼ + stars: | 2024-07-12 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Sridhar Ramaswamy, CEO of Snowflake and formerly co-founder and CEO of startup Neeva, speaks at the Collision conference in Toronto on June 21, 2022. Snowflake has spent the past seven weeks dealing with the fallout of a major cyberattack that compromised sensitive customer data at several of its clients. The data includes phone numbers, aggregate call duration and some cell site details, AT&T said in the filing. It is the most severe incident since Snowflake disclosed the breach on May 30, writing in a blog post at the time, "We became aware of potentially unauthorized access to certain customer accounts on May 23, 2024." Mandiant blamed the hack on a financially motivated group it calls UNC5537, with members in North America and Turkey.

Persons: Sridhar Ramaswamy, Snowflake, Mandiant, UNC5537 Organizations: Telecommunications, AT, CNBC, Nasdaq, LendingTree, Ticketmaster, Santander Bank Locations: Toronto, Snowflake, North America, Turkey, Santander

☆ Are You an AT&T Customer? Here’s What to Know About the Data Breach
▼ + stars: | 2024-07-12 | by ( Hank Sanders | ) www.nytimes.com time to read: +1 min

Nearly all customers of the telecommunications company AT&T were affected by a cyberattack that exposed phone records of calls and texts from May 2022 through October 2022, and on Jan. 2, 2023, the company said Friday. If you are an AT&T customer, here is what you need to know about the breach. AT&T will contact you by text, email or U.S. mail if your account was affected by the cyberattack, the company said. But AT&T also said that “nearly all” customers had been affected by the breach. So if you were a customer from May 1, 2022, to Oct. 31, 2022, or on Jan. 2, 2023, your phone logs were most likely exposed.

Organizations: AT

☆ AT&T Says Data of ‘Nearly All’ Customers Was Breached in 2022
▼ + stars: | 2024-07-12 | by ( Jenny Gross | More About Jenny Gross | ) www.nytimes.com time to read: +1 min

A cyberattack on the telecommunications giant AT&T exposed data from “nearly all” of its customers and downloaded it to a third-party cloud platform, AT&T said on Friday. “We have taken steps to close off the illegal access point,” AT&T said in a statement. The company said it was working with law enforcement to arrest those involved, and that at least one person had been apprehended. The compromised data included files containing AT&T records of calls and texts from cellular customers, wireless network customers and landline customers between May 2022 and October 2022, and records from Jan. 2, 2023, for a small number of customers, the company said. While the data does not include customer names, it is often possible to link a name to a phone number using online searches.

Persons: “ Locations: “

☆ How did the auto dealer outage end? CDK almost certainly paid a $25 million ransom
▼ + stars: | 2024-07-11 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +4 min

Pinpointing exactly who sends a cryptocurrency payment can be complicated by the relative anonymity that some crypto services offer. The ransom payment of $25 million hasn’t been previously reported. A $25 million ransom payment is certainly large but not unheard of in the lucrative ransomware economy. UnitedHealth Group, the health care conglomerate whose subsidiary suffered a ransomware attack in February that hobbled pharmacies across the US, paid a $22 million ransom to a different criminal group. But the average ransom payment in the fourth quarter of 2023 was significantly lower: $568,705, according to cybersecurity firm Coveware.

Persons: —, Chris Janczewski, CDK, Janczewski, Lisa Finney, Finney, Brian MacDonald, ” CDK, ”, Jon DiMaggio, Analyst1, ” DiMaggio Organizations: CNN, CDK, TRM Labs, Bloomberg, CBS, US Department of Health, Human Services, UnitedHealth Locations: North America, Chainalysis

☆ A former OpenAI safety employee said he quit because the company's leaders were 'building the Titanic' and wanted 'newer, shinier' things to sell
▼ + stars: | 2024-07-10 | by ( Matthew Loh | ) www.businessinsider.com time to read: +6 min

Read previewA former safety employee at OpenAI said the company is following in the footsteps of White Star Line, the company that built the Titanic. Was the path that OpenAI was on more like the Apollo program or more like the Titanic?" Apollo vs TitanicAs Saunders spent more time at OpenAI, he felt leaders were making decisions more akin to "building the Titanic, prioritizing getting out newer, shinier products." OpenAI did not immediately respond to a request for comment sent outside regular business hours by Business Insider. Meanwhile, OpenAI cofounder and former chief scientist Ilya Sutskever, who led the firm's superalignment division, resigned later that month.

Persons: —, OpenAI, William Saunders, OpenAI's, Alex Kantrowitz's, Saunders, Ilya Sutskever, JACK GUEZ, Kantrowitz, he's, Saunders — Organizations: Service, White Star Line, Business, Artificial, Intelligence, White Star, Apollo, NASA, BI, OpenAI, Getty, Tech, Apple, Google, Superintelligence Inc Locations: OpenAI, Russia, AFP

☆ Heat waves: Here’s why your AC can’t save you anymore
▼ + stars: | 2024-07-04 | by ( Laura Paddison | ) edition.cnn.com time to read: +8 min

Then came the heat wave. But it is also a lifeline against increasingly brutal heat, the deadliest type of extreme weather. It allows people to live in places where temperatures push close to the limits of survivability and where extreme heat persists even at night. And many electrical grids are being pushed to a breaking point due to increasingly frequent extreme weather and soaring demand for cooling. Heat can affect vital organs and cause heat exhaustion, heat stroke and even death.

Persons: Ida, ”, Jen Brady, Michael Webber, Webber, Brian Stone Jr, Hurricane Ida, Leah Millis, ” Webber, ” Stone, Stone, Kate Gallego, ” Gallego, it’s, Mario Tama, Central’s Brady, —, Ian, “ Organizations: CNN, Climate Central, Climate, University of Texas, Georgia Institute of Technology, “, Service, Authorities, Arizona Public Service, Babcock Locations: Louisiana, New Orleans, Austin, California, Pacific Northwest, Europe, Albania, Bosnia, Croatia, Montenegro, New Orleans , Louisiana, Hurricane, Atlanta, Detroit, Phoenix, Phoenix , Arizona, Florida

☆ Auto Sales Grew Slightly in Second Quarter
▼ + stars: | 2024-07-02 | by ( Neal E. Boudette | Jack Ewing | ) www.nytimes.com time to read: +1 min

Much of the auto industry, with the notable exception of Tesla, reported modest sales growth in the three months through June as high interest rates, high vehicle prices and uncertainty about the economy weighed on consumers. Sales in late June were also slowed by disruptions at car dealers stemming from a cyberattack on a company that supplies software and data services to dealerships. That’s a marked slowdown from the year’s first three months, when sales grew 5 percent. Slow growth is likely to continue through the end of the year, said Jonathan Smoke, Cox’s chief economist. “We probably can’t quite keep the pace of sales of the first half, but we aren’t expecting a collapse in sales.”

Persons: Tesla, That’s, Cox, Jonathan Smoke, ”, “ Organizations: Cox Automotive Locations: United States

☆ Russia can’t fight NATO on the battlefield – so it’s waging a hybrid war instead
▼ + stars: | 2024-06-30 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +15 min

And while they might look minor in isolation, taken together these incidents amount to what security experts say is Russia’s hybrid war on the West. Thornton said Russia was resorting to a campaign of sabotage as an alternative to a full-on war with NATO, which would be disastrous for Russia. Article 5 is the cornerstone principle that an attack on one member of NATO is an attack on all members. Danylyuk said the Russian security apparatus doesn’t shy away from using criminals to do its dirty work, tapping into its links with international organized crime. Russia can only be strong if the West and NATO are weak.

Persons: –, Petr Fiala, Jens Stoltenberg, Rod Thornton, there’s, ” Thornton, Vladimir Putin, Thornton, “, ”, It’s, ” Nicole Wolkov, Andrei Averyanov, Averyanov, Sergei, Yulia Skripal, d’etat, Oleksandr Danylyuk, …, Volodymyr Zelensky’s, Danylyuk, Olga Lautman, Fiala, Sergei Skripal, Yulia, Frank Augstein, ” Lautman, Lautman, Alexander Litvinenko, Andrei Lugovoi, Theresa May, Nikolai Glushkov, Salisbury, Putin, ” “, let’s, ’ ”, that’s, Litvinenko, Skripal Organizations: CNN, Occupation, . Police, European Union, NATO, King’s College London, ”, Royal United Services Institute, Czech Police, GRU, London –, German Federal Public, Ukraine, Russian, Russia NATO, Center for, European, of Human, Duma, Metropolitan Police, Command, Soviet, West Locations: Prague, Czech, Moscow, Europe, Riga, London, Warsaw, Germany, Russia, Belarus, Russian, Spain, Lithuania, Canada, Ukraine, Kyiv, Russia –, United States, al Qaeda, France, EU, Salisbury, England, Czech Republic, Vrbetice, Montenegro, Moldova, Macedonia, Ukrainian, Poland, Salisbury , England, Finland, Estonia, Lautman, Soviet Union

☆ Extended CDK outage brings chaos to car dealers
▼ + stars: | 2024-06-30 | by ( Samantha Delouya | ) edition.cnn.com time to read: +4 min

CNN —As the ongoing systems outage at software provider CDK Global stretches into its second week, car dealerships are racking up millions of dollars in losses, according to a new estimate. Piecemeal progressThe outage began last Wednesday after two cyber incidents halted the company’s systems, which provide software to nearly 15,000 car dealerships across North America, according to CDK. “I work at a major body shop, and it has really hurt us,” one worker wrote to CNN about the outage. “15,000 dealerships is an awful lot to have control over when you do the math,” Irvin said of CDK. And after more than a week at home, Phillips’ boss texted him to return to work on Friday.

Persons: “ It’s, ”, Bernard Irvin, “, ” ‘, Norm Phillips, hadn’t, ” Phillips, “ I’ve, CDK, Phillips, ” Phillips wasn’t, ” Irvin, Irvin, texted, “ I’m Organizations: CNN, CDK, Workers, Ford, Anderson Economic, Dealer, Benz, Honda, Ford Bronco Sport, Ford Bronco Locations: Greenville , South Carolina, North America, New Jersey

☆ The ongoing cyber-attack incident at CDK Global has crippled car dealerships for days
▼ + stars: | 2024-06-27 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +8 min

The latest attack to receive wide attention continues that trend: An ongoing cyber incident at CDK Global, whose software car dealerships use to manage everything from scheduling to records, has crippled dealerships for days now, with no clear end in sight. Experts say hackers are getting more sophisticated and can hide in an organization’s systems for longer undetected. These hackers target companies in a supply chain-style attack, taking down entire industries to leverage more money. “There’s never been a story written on a company that successfully paid a ransom, and then quickly recovered their systems,” Noonan said. Others say healthcare is targeted because of the field’s aging technology, Steven McKeon, founder and CEO of software companies MacguyverTech and MacNerd, said in a release.

Persons: New York CNN —, ” Dror Liwer, they’re, Liwer, ” Liwer, Eric Noonan, Noonan, “ Ransomware, ” Noonan, John Dwyer, “ There’s, Gabby Jones, Cliff Steinhauer, Steinhauer, ” Steinhauer, Steven McKeon, shutdowns Dwyer, —, CNN’s Sean Lyngaas Organizations: New, New York CNN, CDK, Healthcare, UnitedHealth, Coro, CNN, Binary Defense, Bloomberg, Getty, FBI, “ Auto, National Cybersecurity Alliance, Ascension Providence Rochester Hospital Locations: New York, St, Louis, cybersecurity, Detroit , Michigan

☆ America's drinking water is under attack, with links back to China, Russia and Iran
▼ + stars: | 2024-06-26 | by ( Trevor Laurence Jockims | ) www.cnbc.com time to read: +3 min

The City of Wichita recently had an experience that's become all too common — its water system was hacked. The cyberattack, which targeted water metering, billing and payment processing, followed the targeting of water utilities across the U.S. in recent years. While the methods may be simple, an attack last year by an Iranian-backed activist group against 12 water utilities in the U.S. reinforced how purposeful "an attacker's mindset" can be, according to Witt. The targeted utilities all contained equipment that was Israeli-made. Attacks on U.S. water utilities' IT systems can have a similar psychological impact, and even if the attacks don't directly interfere with the operations of the utility, still lessen public trust in water supply.

Persons: that's, Ryan Witt, Witt, Adam Isles, Stuart Madnick Organizations: Environmental Protection Agency, FBI, NSA, Congress, U.S . Air Force, Chertoff Group, CNBC, Colonial Pipeline, Infrastructure Security Agency, Cybersecurity, MIT Sloan Locations: City, Wichita, Iranian, U.S, Israeli, United States, Texas, —

☆ Detroit Auto Dealers Association president on CDK hack: We can handle this for a few more days
▼ + stars: | 2024-06-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDetroit Auto Dealers Association president on CDK hack: We can handle this for a few more daysTodd Szott, Szott Auto Group dealer partner and Detroit Auto Dealers Associatoin president, joins 'Squawk Box' to discuss the latest developments in the CDK cyberattack, the impact on auto dealerships nationwide, and more.

Persons: Todd Szott Organizations: Detroit Auto Dealers Association, Szott Auto Group, Detroit Auto Dealers

☆ Fmr. NSA hacker weighs in on CDK's plan to pay ransom in cyberattack that shut down car dealerships
▼ + stars: | 2024-06-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFmr. NSA hacker weighs in on CDK's plan to pay ransom in cyberattack that shut down car dealershipsHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Brian Sullivan, “ Organizations: NSA, CNBC Locations: cyberattack

☆ CDK cyberattack hits U.S. auto dealers for third day in a row
▼ + stars: | 2024-06-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCDK cyberattack hits U.S. auto dealers for third day in a rowCNBC's Eamon Javers joins 'Squawk on the Street' with the latest news.

Persons: Eamon Javers

☆ Stocks making the biggest moves premarket: Gilead Sciences, Sarepta Therapeutics, Nike and more
▼ + stars: | 2024-06-21 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

The decline comes after the AI chipmaker on Tuesday briefly topped Microsoft as the most valuable public company. Nike — The athletic clothing maker moved 1% higher following an upgrade at Oppenheimer to outperform from market perform. Asana — Shares popped more than 3% after the software firm announced a $150 million share buyback plan. Gilead Sciences — The pharmaceutical stock rose more than 2.6%, building on a rally of 8.5% from the previous session. Delta Air Lines — The stock rose 0.7% following news Thursday that the airliner announced a quarterly dividend of 15 cents a share, a 50% increase from previous levels.

Persons: Oppenheimer, Gilead, LendingTree, Bernstein, Toni Sacconaghi, — CNBC's Brian Evans, Michelle Fox, Jesse Pound, Sarah Min Organizations: Nvidia, Microsoft, Sarepta Therapeutics, U.S . Food, Drug Administration, Nike, Gilead Sciences, Bloomberg, Apple —, Air Lines Locations: U.S, Gilead

☆ Stocks making the biggest moves midday: Sarepta Therapeutics, Hertz Global, Asana and more
▼ + stars: | 2024-06-21 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Hertz Global — Shares rose more than 10% after the car rental giant upsized a bond offering to $1 billion . Asana — The stock popped 10.5% after the software firm announced a share buyback plan that would cost $150 million. Nvidia — The chipmaker dropped another 1% following a 3.5% decline in the previous session. Gilead Sciences — Shares of the pharmaceutical company popped around 2%, adding to an 8.5% rally from the previous session. Palo Alto Networks — Shares rose 2.4% after D.A.

Persons: Gilead, LendingTree, Davidson, D.A, Boyd Gaming, Boyd, —, Alex Harring, Yun Li, Lisa Kailai Han, Hakyung Kim, Michelle Fox Organizations: Therapeutics, U.S . Food, Drug Administration, FDA, Hertz, Nvidia, Gilead Sciences, Bloomberg, Palo Alto, D.A, Penn Entertainment, Boyd, Reuters, Boeing Locations: U.S, Gilead, Palo, cybersecurity, Thursday's

☆ Cyberattack shuts down car dealerships
▼ + stars: | 2024-06-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCyberattack shuts down car dealershipsHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Brian Sullivan, “ Organizations: CNBC

☆ The Aftermath of a U.K. Cyberattack: Blood Shortages and Delayed Operations
▼ + stars: | 2024-06-13 | by ( Jenny Gross | ) www.nytimes.com time to read: +1 min

Several London hospitals, still under significant strain more than a week after a cyberattack crippled services, have asked medical students to volunteer to help minimize disruption, as thousands of blood samples have had to be discarded and operations postponed. The ransomware attack on Synnovis, a private firm that analyzes blood tests, has crippled services at two major National Health Service hospital trusts, Guy’s and St. Thomas’ and King’s College, which described the situation as “critical.”According to a memo leaked in recent days, several London hospitals asked medical students to volunteer for 10- to 12-hour shifts. “We urgently need volunteers to step forward and support our pathology services,” said the message, which was reported earlier by the BBC. “The ripple effect of this extremely serious incident is felt across various hospital, community and mental health services in our region.”The attack also disrupted blood transfusions, and the N.H.S. appealed to the public this week for blood donors with O-negative blood types, which can be used in transfusions for any blood type, and O-positive blood types, which is the most frequently occurring blood type, saying it could not match patients’ blood at the same frequency as usual.

Persons: Thomas ’, ” Organizations: National Health Service, King’s College, BBC Locations: London, St

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