When computer screens went blue worldwide on Friday, flights were grounded, hotel check-ins became impossible, and freight deliveries were brought to a stand-still. Businesses resorted to paper and pen. And initial suspicions landed on some sort of cyberterrorist attack. The reality, however, was much more mundane: a botched software update from the cybersecurity company CrowdStrike. “In … Read more
A trader works on the floor at the New York Stock Exchange on July 3, 2024. Brendan Mcdermid | Reuters A massive IT outage that is causing unprecedented global disruptions isn’t holding up business as usual in most parts of the financial markets, though one index provider did experience complications. Officials at both the New … Read more
Banks, airports, TV stations, hotels, and countless other businesses are all facing widespread IT outages, leaving flights grounded and causing widespread disruption, after Windows machines have displayed errors worldwide. In the early hours of Friday, companies in Australia running Microsoft’s Windows operating system started reporting devices showing Blue Screens of Death (BSODs). Shortly after, reports … Read more
In this photo illustration, CrowdStrike logo of a U.S. cybersecurity technology company is seen on a smartphone and a pc screen. Pavlo Gonchar | Sopa Images | Lightrocket | Getty Images Cybersecurity firm CrowdStrike suffered a major outage on Friday, the company told NBC, impacting businesses globally. The outage resulted from an issue with the … Read more
Digital code and Chinese flag representing cybersecurity in China. Anton Petrus | Moment | Getty Images AI companies in China are undergoing a government review of their large language models, aimed at ensuring they “embody core socialist values,” according to a report by the Financial Times. The review is being carried out by the Cyberspace Administration … Read more
Traders work on the floor of the New York Stock Exchange during afternoon trading in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. … Read more
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. Eóin Noonan | Sportsfile | Collision | Getty Images Snowflake has spent the past seven weeks dealing with the fallout of a major cyberattack that compromised sensitive customer data at a … Read more
Many consumers are enamored with generative AI, using new tools for all sorts of personal or business matters. But many ignore the potential privacy ramifications, which can be significant. From OpenAI’s ChatGPT to Google’s Gemini to Microsoft Copilot software and the new Apple Intelligence, AI tools for consumers are easily accessible and proliferating. However the … Read more
With election season underway and artificial intelligence evolving rapidly, AI manipulation in political advertising is becoming an issue of greater concern to the market and economy. A new report from Moody’s on Wednesday warns that generative AI and deepfakes are among the election integrity issues that could present a risk to U.S. institutional credibility. “The … Read more
Westend61 | Westend61 | Getty Images I was packing up to head home from work last week when I noticed something that made my stomach sick. The space in my backpack normally occupied by my wallet was empty. I searched every nook and cranny of my bag and even crawled under my desk to search … Read more
