Microsoft (MSFT.O) held a high-profile cybersecurity summit on Tuesday to address pressing concerns about enhancing digital security, following a global IT outage caused by a software update error in July. The outage, which was linked to a faulty update from cybersecurity firm CrowdStrike (CRWD.O), affected approximately 8.5 million Windows devices worldwide.
The disruption, which occurred on July 19, had far-reaching consequences, impacting critical sectors such as airlines, banking, and healthcare. Microsoft’s summit represents a significant step in the company’s efforts to mitigate future risks and strengthen cybersecurity protocols across its vast network of users and industries.
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