The chapter explores a worldwide IT problem caused by a software bug in a routine update from Microsoft and CrowdStrike, leading to disruptions across sectors like banking and healthcare. The discussion includes insights from experts on the challenges faced in identifying and resolving the issue, implications for cybersecurity, and the risks of potential cyber attacks during system vulnerabilities.
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Bloomberg Intelligence Senior Tech Industry Analyst Mandeep Singh and Bloomberg News Cybersecurity Reporters Jamie Tarabay and Jordan Robertson discuss the botched software update from cybersecurity firm CrowdStrike that crashed countless Microsoft Windows computer systems globally on Friday. Helane Becker, Senior Research Analyst at TD Cowen, talks about how the global IT outage impacted the airline industry worldwide. Nikki Baird, Vice President of Strategy at Aptos Retail, shares her back-to-school shopping outlook. And we Drive to the Close with Tracie McMillion, Head of Global Asset Allocation at Wells Fargo Investment Institute. Hosts: Carol Massar and David Gura. Producer: Paul Brennan.
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