A fault with an update issued by cybersecurity company CrowdStrike led to a cascading effect among global IT systems Friday, with industries ranging from banking to airlines facing outages. Banks and health care providers saw their services disrupted and television broadcasters went offline as businesses worldwide grappled with the ongoing outage. Air travel has been hit hard, too, with planes grounded and services delayed. At the heart of the issue is the Texas-based cybersecurity vendor CrowdStrike. On Friday, the cybersecurity firm experienced a major disruption following an issue with a software update. So what happened, exactly? CNBC takes a look. CrowdStrike is a cybersecurity vendor that develops software to help companies detect and block hacks. It is used by many of the world’s Fortune 500 companies, including major global banks, health care and energy companies. CrowdStrike is what’s known as an “endpoint security” firm as it uses cloud technology to apply cyber protections to devices…
Netflix’s second-quarter earnings report contained no bombshells, and that’s just fine for the company and its investors. In recent weeks, Paramount Global has agreed to…
Ticketmaster and its parent company, Live Nation, are offering a promotion through the end of July that lets users…
Housing is the most considerable expense for U.S. consumers — and while high rents and home prices are obstacles to saving…
The Securities and Exchange Commission sued the former CEO of the blank-check company that merged with Trump Media, accusing him…
DETROIT — Ford Motor will expand production of its large Super Duty trucks to a Canadian plant that was previously set…
Billionaire investor Ken Griffin, founder and CEO of hedge fund Citadel, purchased a late-Jurassic stegosaurus skeleton for $44.6 million…
This is part of NBC News’ Checkbook Chronicles, a series of profiles highlighting the financial realities of everyday Americans.…
DETROIT — General Motors will increase production of its Cadillac Escalade V-Series performance model as part of updates to the flagship SUV for…