The Microsoft Windows data breach has crippled major financial institutions and airlines
The Big Tech giant suffered an outage of Microsoft's Windows system, which disrupted critical services around the world, including emergency services, banks, airports and distribution.
In the year The outage, which began late on July 18 and continued into the next day, appears to be related to CrowdStrike's cybersecurity software, according to a Forbes report. It has exposed many institutions to serious operational challenges.
In a post on X on July 18 at 11:41 PM UTC, Microsoft 365 Status stated that it was investigating an issue that “impacted users' ability to access various Microsoft 365 applications and services.”
In the latest update from Microsoft at 7:55 am UTC, several services “continue to see availability improvements” as it continues to troubleshoot the issue.
The banking sector was hit hard
One of the worst affected by this Windows crash is the banking sector. Internet banking services, in particular, are reporting problems with customers logging in and completing transactions.
Downdetector, a website that tracks service outages, has seen a sharp increase in reports of banking outages.
Attempts to break into two major banks in the UK this morning have failed. Customers themselves could not access their accounts, which caused widespread frustration and anxiety.
Similar cases have been reported by banks in the United States, Australia and India.
This is a developing story, and more information will be added as it becomes available.
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