Court filings or major news outlets

Global IT Outage Early Friday Causes Major Disruptions, Microsoft Implicated

Jul 19, 2024, 01:34 PM

A massive global IT outage early Friday caused significant disruptions across various sectors, including air and rail travel, hospitals, banks, and supermarkets. Passengers at major airports experienced long lines, crowded gates, and bedlam conditions as ground stops were issued. The outage has been attributed to a software update, and a cybersecurity company has identified the source and deployed a fix. Despite the chaos, the values of companies at the heart of the issue have not plummeted. Microsoft faces scrutiny as it is implicated in what is being described as perhaps the biggest IT outage in history.