Connected Economy

Connected Economy
Delta Plans Legal Action Amid $500 Million Hit From CrowdStrike Outage
July 31, 2024

Delta Air Lines says a recent, and massive, IT outage will cost it $500 million. That’s according to a report Wednesday (July 31) from Bloomberg News, citing a statement from the airline that also says Delta has hired a law firm as it prepares to seek damages from...

Connected Economy
CE 100 Index Gains 0.4% as Coursera Jumps on Earnings
July 29, 2024

Excitement over artificial intelligence (AI) helped drive Coursera shares (and results) significantly higher this past week, while earnings began to trickle in for the CE 100 Index — and the deluge of quarterly reports begins in earnest.     Coursera shares leaped 49%, leading the...

Connected Economy
Crisis as Catalyst: What AT&T, CrowdStrike Incidents Say About Recovery Best Practices
July 24, 2024

Never let a crisis go to waste, as the adage goes. And when it comes to cybersecurity best practices and procedures, recent digital disruptions — from CrowdStrike’s Microsoft outage to AT&T and beyond — can teach enterprises a lot about fortifying their defenses and recovery plans. After...

Connected Economy
Delta Reportedly Facing $500 Million Loss From CrowdStrike Outage
July 24, 2024

Delta Air Lines is reportedly facing a half-billion dollar hit after last week’s IT outage. The air carrier on Wednesday (July 24) was still recovering from last week’s incident, in which a software glitch at cybersecurity firm CrowdStrike brought down millions of computers running Microsoft Windows. According to Bloomberg News,...

Connected Economy
CrowdStrike: Content Update Glitch Caused Worldwide IT Crash
July 24, 2024

CrowdStrike says a glitch in test software led to last week’s massive IT outage. The cybersecurity company released a report Wednesday (July 24), five days after a crash affected 8.5 million Windows machines around the world, leading to chaos at banks, airports and hospitals. “CrowdStrike delivers security content configuration updates...

Connected Economy
Commerce Department to Release Rules on Connected Vehicles
July 23, 2024

The U.S. Commerce Department plans to unveil proposed regulations next month concerning connected vehicles, with a specific focus on critical software components manufactured in China and other nations deemed as adversaries. Alan Estevez, the department’s export controls chief, announced last week that the rules will...

Connected Economy
DraftKings Bringing Online Sportsbook to Washington DC
July 23, 2024

DraftKings says it plans to launch its online sportsbook in Washington, D.C. Assuming it gets the license and regulatory approval it needs, DraftKings would make the nation’s capital its 29th North American market, the company said in a Tuesday (July 23) press release. The launch is part of...

Connected Economy
CrowdStrike Aftermath: Five Things You Need to Know
July 22, 2024

It wasn’t a hack, cyberattack or even a sophisticated scam. The chaos that hit everything from airlines to hospitals to banks on Friday (July 19) was caused by a faulty software update from security company CrowdStrike. However, security is at the top of the table...

Connected Economy
CE 100 Index Falters 0.8% as CrowdStrike Plunges on Global IT Outage
July 22, 2024

The CE 100 Index faltered 0.8% in a week that reminded us just how connected we all are — by software, hardware, and apps — and how an outage can bring things to a standstill.   Of course, CrowdStrike was the focus here, as its...