CrowdStrike, the cybersecurity company behind a massive global IT outage, is the leader in its sector, known for building software defenses for the cloud computing age and exposing Russian and North Korean threats. But cloud computing giants Microsoft, Amazon and Google provide their own cybersecurity software and are also rivals.
On Friday, JD Vance, running mate of Republican presidential candidate Donald Trump, questioned US President Joe Biden's cognitive abilities and his capacity to continue serving as Commander-In-Chief. Taking to X, the Ohio Senator expressed his doubts about Biden's ability to run for re-election and his current capability to remain in office.
US President Joe Biden, who tested positive for COVID-19 early this week, has finished his fourth dose of PAXLOVID, his physician reported on Friday. Biden is still experiencing primary symptoms such as a loose, non-productive cough and hoarseness. However, his symptoms have "improved meaningfully" since Thursday, according to his doctor, Kevin C. O'Connor.
CrowdStrike's routine Falcon Sensor update crashed systems globally. Manual fixes were necessary due to vetting issues, as noted by experts like Steve Cobb and Patrick Wardle. John Hammond recommended limited deployment. Frequent signature updates weren’t tested enough. The incident, similar to McAfee's past outage, also affected Fortune 500 clients, highlighting CrowdStrike's market prominence.
Welcome to a brand new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories that we covered this week. Here’s a quick recap.
Several of U.S. President Joe Biden's reelection campaign fundraisers have been put on hold according to multiple Democratic sources, despite plans to accelerate his nomination and his commitment to the 2024 race. These fundraisers, originally scheduled for Austin, Denver, and California next week, were halted after Biden tested positive for COVID-19 on Wednesday.
Indian brands like Radico Khaitan, Adani Group, and JSW sponsor athletes for Paris Olympics. Reliance Foundation's India House collaborates with Coca-Cola and Omega. IOA's revenue doubled to ₹50 crore. Short video reels cost ₹2-6 lakh. Athletes Neeraj Chopra, PV Sindhu, and PR Sreejesh feature. Involvement from Bharat Petroleum, Aditya Birla, Amul, and Puma's gear for 40 athletes.
There will be about 47 auspicious wedding dates in the second half, three times more than 14 in the first half, they reason. “We are looking at a very strong festive campaign, and weddings will be very, very big as we have somewhere around 50-odd (auspicious) days,” Kavindra Mishra, managing director of Shoppers Stop, said during its first quarter earnings call on Friday. “We believe we have got the right kind of merchandise to be a wedding destination,” he said.
A major global technology outage caused disruptions in India, affecting flights, hospitals, banks, and various businesses due to an erroneous Microsoft software update. CrowdStrike's update led to chaos, with airlines canceling flights and organizations resorting to manual processes. Calls for reducing reliance on a few global technology providers arose.