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Massive cost of global outage revealed

<p>Experts have estimated that the global CrowdStrike IT outage has cost more than $1.5 billion in damages, as thousands of businesses were affected by the mass disruption. </p> <p>On Friday afternoon, thousands of workers and business who rely on the Microsoft computer system were hit with the "blue screen of death", as computers, EFTPOS machines and even the airport display screens froze. </p> <p>It was later revealed to be a bug wrought from a software update, originating from Texas-based cyber security firm CrowdStrike.</p> <p>The simple tech fail brought much of the world to its knees for hours, as airports, hospitals, shops, business, media outlets and banks were impacted. </p> <p>One American cyber expert estimated that compensation claims could easily top $1 billion USD ($1.5 billion AUD). </p> <p>However, it looks like the damages will be a lot more than that, as Business NSW estimated that in NSW alone, businesses racked up an eye-watering $200 million bill in damages. </p> <p>CrowdStrike has yet to address millions of questions about how it plans to compensate customers, although the company's CEO George Kurtz said the firm is concentrating all its efforts on fixing the problems, and that he believed most customers had been understanding.</p> <p>“My goal right now is to make sure every customer is back up and running,” Mr Kurtz said.</p> <p>“I think many of the customers understand it’s a complex environment and staying one step ahead of the bad guys requires these content updates.”</p> <p>Hundreds of thousands of businesses are expected to file for compensation with the company, as Patrick Anderson, CEO of US research firm Anderson Economic Group, told <em><a href="https://edition.cnn.com/2024/07/21/business/crowdstrike-outage-cost" target="_blank" rel="noopener">CNN</a></em>, “This outage is affecting far more consumers and businesses in a way that ranges from inconvenience to serious disruptions and resulted in out of pocket costs they can’t get back easily”.</p> <p><em>Image credits: RAJAT GUPTA/EPA-EFE/Shutterstock Editorial/Instagram</em></p>

Money & Banking

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Facebook, Instagram, and WhatsApp experience global outage

<p><span style="font-weight: 400;">A massive worldwide global outage has affected millions of people trying to access Facebook, Instagram, and WhatsApp in several countries, including Australia, New Zealand, the UK, and the US.</span></p> <p><span style="font-weight: 400;">Facebook users in affected areas have received the message: “Something went wrong. We’re working on it and we’ll get it fixed as soon as we can.”</span></p> <p><span style="font-weight: 400;">Instagram has been displaying a 5xx server error message, with the message: “Sorry, this page isn’t available.”</span></p> <p><span style="font-weight: 400;">The outage was first reported in Australia and New Zealand at about 2am on Tuesday morning, according to the downdetector.com site.</span></p> <p><span style="font-weight: 400;">As the outage continues, it is </span><a rel="noopener" href="https://www.news.com.au/technology/online/social/facebook-whatsapp-instagram-hit-by-global-outage-why-facebook-isnt-working/news-story/ba143d13bfd1eed83c7cd5e1394aa2e9" target="_blank"><span style="font-weight: 400;">costing Facebook</span></a><span style="font-weight: 400;"> $160 million every hour the three sites are down, according to NetBlocks. </span></p> <blockquote class="twitter-tweet"> <p dir="ltr">We’re aware that some people are having trouble accessing our apps and products. We’re working to get things back to normal as quickly as possible, and we apologize for any inconvenience.</p> — Andy Stone (@andymstone) <a href="https://twitter.com/andymstone/status/1445058088436908045?ref_src=twsrc%5Etfw">October 4, 2021</a></blockquote> <p><span style="font-weight: 400;">“We’re aware that some people are having trouble accessing our apps and products,” Facebook spokesperson Andy Stone said on Twitter.</span></p> <p><span style="font-weight: 400;">“We’re working to get things back to normal as quickly as possible, and we apologise for any inconvenience.”</span></p> <p><span style="font-weight: 400;">With the three popular sites down, Twitter poked fun at its rivals on their dedicated UK account.</span></p> <p><span style="font-weight: 400;">“Hello literally everyone,” they wrote.</span></p> <blockquote class="twitter-tweet"> <p dir="ltr">hello literally everyone</p> — Twitter (@Twitter) <a href="https://twitter.com/Twitter/status/1445078208190291973?ref_src=twsrc%5Etfw">October 4, 2021</a></blockquote> <p><span style="font-weight: 400;">The outage has been blamed on a problem with the Domain Name System (DNS), which allows computers to connect to the web server and website users are looking for.</span></p> <p><span style="font-weight: 400;">Adam Leon Smith of the Chartered Institute for IT, </span><a rel="noopener" href="https://www.theguardian.com/technology/2021/oct/04/facebook-instagram-and-whatsapp-hit-by-outage" target="_blank"><span style="font-weight: 400;">said</span></a><span style="font-weight: 400;">: “The outage is caused by changes made to the Facebook network infrastructure. Many of the recent high-profile outages have been caused by similar network-level events.</span></p> <p><span style="font-weight: 400;">“It is reported by unidentified Facebook sources on Reddit that the network changes have also prevented engineers from remotely connecting to resolve the issues, delaying resolution.”</span></p> <blockquote class="twitter-tweet"> <p dir="ltr">Was just on phone with someone who works for FB who described employees unable to enter buildings this morning to begin to evaluate extent of outage because their badges weren’t working to access doors.</p> — Sheera Frenkel (@sheeraf) <a href="https://twitter.com/sheeraf/status/1445099150316503057?ref_src=twsrc%5Etfw">October 4, 2021</a></blockquote> <p><span style="font-weight: 400;">Journalist Sheera Frankel said the outage was so severe that Facebook employees have been unable to enter company buildings because their passes were not working.</span></p> <p><em><span style="font-weight: 400;">Image: Facebook, Instagram</span></em></p>

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