What will be true about the global IT outage of July 19th, 2024? (Add Answers!)
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Plus
90
Ṁ29k
resolved Aug 19
Resolved
YES
It happened due to an accident
Resolved
YES
It caused more than $1 million in damage
Resolved
YES
It caused more than $10 million in damage
Resolved
YES
It caused more than $1 billion in damage
Resolved
YES
It caused more than $100 million in damage
Resolved
YES
It caused more than $10 billion in damage
Resolved
93%
It happened due to incompetence
Resolved
63%
It would have been prevented by Antithesis.
Resolved
NO
It will cause Crowdstrike to go bankrupt.
Resolved
NO
Software update that is in some way motivated by a hardware-level exploit
Resolved
NO
It happened due to hacking
Resolved
NO
It was caused by a rogue AI
Resolved
NO
It caused more than $100 billion in damage

News currently report that a Microsoft outage is affecting airports, broadcasters and banks worldwide.

What will later be determined to be true about this outage?

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Not sure how to resolve the antithesis thing as I don't know what that is. Any opinions?

As for what antithesis is, I believe it refers to this product: https://antithesis.com/

As for resolution, it's entirely subjective imho

I have no way of judging this. resolved N/A

bought Ṁ5 YES

Cyber-analysis firm CyberCube has estimated that the outage resulted in $15 billion worth of losses globally. Considering the smaller companies, the firm stated that insurance would only cover between three to ten percent of the losses.

https://www.spiceworks.com/it-security/endpoint-security/news/crowdstrike-outage-costs-billions-insurance-estimates/

https://www.crowdstrike.com/falcon-content-update-remediation-and-guidance-hub/

Mistake, not hacking, is what I infer from the new incident review

https://x.com/George_Kurtz/status/1814235001745027317

Retweeted by Crowdstrike official account too - https://x.com/CrowdStrike

"CrowdStrike is actively working with customers impacted by a defect found in a single content update for Windows hosts. ... This is not a security incident or cyberattack. The issue has been identified, isolated and a fix has been deployed."

bought Ṁ50 YES

Can It be an accident without it being due to incompetence? E.g. if they accidentally released a bugged version isn't that also a sign of incompetence (there was no QA involved)?

Good question. Probably, most mistakes would be attributable to incompetence, but there could be sudden mistakes and bugs that are entirely outside of the control of the involved actors.

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