Cybersecurity Software Bug Leads to Global IT Outage

Massive Overnight Disruption Affects Web Retailers and Businesses

A massive overnight outage has affected web retailers and businesses worldwide, all traced back to a faulty software update issued by security giant CrowdStrike.

Shares Plummet for CrowdStrike

Shares of CrowdStrike plunged 145% shortly after the Wall Street open, while shares of its cyber rivals rose. The company's software update has been identified as the cause of the outage.

Australia Hard Hit by Outage

Australia has been particularly hard hit by the outage due to its late-night update schedule. Businesses and individuals alike have experienced significant disruptions.

CrowdStrike Blamed for Microsoft Crash

Germany's digital security authority has stated that the global IT outage was caused by a faulty update from CrowdStrike, which crashed Microsoft systems.

CEO of CrowdStrike Apologizes

The CEO of CrowdStrike has apologized for the outage and stated that the company is working to resolve the issue as quickly as possible.