UPDATED: Massive cyber outage cripples banks, media, government services and other organisations worldwide

UPDATED: Massive cyber outage cripples banks, media, government services and other organisations worldwide
IT-reliant services worldwide are down, reportedly due to a CrowdStrike outage. (Image: NZME)
Dileepa Fonseka
UPDATED 10PM:CrowdStrike chief executive George Kurtz says “a fix has been deployed” for a major issue with their software which has brought down computers across the world causing disruptions to airlines, banks, public transport, payment systems, and other businesses.On Friday evening Kurtz posted on X that CrowdStrike was “actively” working with customers on the issue.He said the issue was “a defect found in a single content update for Windows hosts”.Kurtz said Mac and Linux hosts were not impacted.“T...

More Finance

Consumers agree on what constitutes fairness: FMA
Finance

Consumers agree on what constitutes fairness: FMA

NZ consumers have a remarkably consistent understanding of fairness, research finds.

Tom Raynel 18 Jul 2024
Inflation outcome shores up the view RBNZ will cut by November
Finance

Inflation outcome shores up the view RBNZ will cut by November

Economists say even earlier rate cuts are possible. 

Tom Raynel 17 Jul 2024
Scaling BlackRock mountain
Finance

David Chaplin: Scaling BlackRock mountain

Fund manager brought in US$140b in the first half of the year alone.

David Chaplin 17 Jul 2024
Industry challenger Dosh applies to become a bank
Finance

Industry challenger Dosh applies to become a bank

If approved, Dosh would be the first fully-digital, NZ-owned bank.

Ben Moore 10 Jul 2024