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Global IT Outage: Interview with CrowdStrike CEO George Kurtz 7/19/24

Squawk on the Street

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Impact of Global IT Outage on Businesses and Airlines

The chapter delves into the global IT outage caused by a CrowdStrike update that led to operational disruptions for businesses worldwide, impacting industries like TV networks, airlines, and hospitals. It discusses the ripple effect on airline travel, with flight cancellations and delays at major airports like Newark expected to continue for the next few days. The CEO of CrowdStrike addresses the issue, clarifying it was a content bug and not a cyber attack, while emphasizing the importance of providing support and preventing future occurrences.

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