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Microsoft to host cybersecurity summit after CrowdStrike shutdown

CGTN

Microsoft headquarters in Redmond, Washington, the United States, July 3 2024. /CFP
Microsoft headquarters in Redmond, Washington, the United States, July 3 2024. /CFP

Microsoft headquarters in Redmond, Washington, the United States, July 3 2024. /CFP

Microsoft announced on Friday that it will host a cybersecurity summit on September 10 at its headquarters in Redmond, Washington. The decision follows a major IT outage in July caused by a faulty update from cybersecurity firm CrowdStrike, which disrupted nearly 8.5 million Windows machines and affected industries like airlines, banks and healthcare.

The summit will bring together government representatives and industry leaders to discuss improving cybersecurity resilience. The July outage highlighted the risks of relying on single-vendor security solutions and underscored the need for stronger contingency planning in the event of IT failures.

Since the incident, CrowdStrike has lost approximately $9 billion in market value and is facing lawsuits from shareholders and companies impacted by the disruption. Delta Air Lines, which experienced $500 million in losses due to flight cancellations, is pursuing legal action against both CrowdStrike and Microsoft.

(With input from Reuters)

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