The chapter delves into the recent Windows update issue affecting over 8.5 million devices, focusing on critical sectors like healthcare and transportation. It highlights CrowdStrike's role and the root-level access problem that required a machine restart for resolution. The discussion emphasizes the importance of addressing the issue, regaining trust, and implementing proactive measures for improved security and customer relations.
CrowdStrike’s update caused problems and blue screens of death for mission-critical operations across the economy. What does it mean for the cybersecurity company and the access tech providers will have going forward?
(00:21) Tim Beyers and Dylan Lewis discuss:
- The details of the global IT outage over the weekend and CrowdStrike’s response.
- CrowdStrike’s unique root access and whether vendors will continue to be allowed such deep access to customer Windows systems.
- Whether CrowdStrike is worth buying on the sell-off, or if management has something to prove first.
(17:16) President and COO of Kinsale Capital Brian Haney talks Bill Mann through how retail investors can judge financial companies and why insurers have such a tough time in states like Florida.
Companies discussed: CRWD, MSFT, KNSL
Our conversation with Brian Haney was from FoolFest 2024 – members can catch the full interview and everything from our FoolFest digital pass at foolfest.fool.com.
Host: Dylan Lewis
Guests: Tim Beyers, Bill Mann, Brian Haney
Producer: Ricky Mulvey
Engineer: Tim Sparks
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