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In August 2012, Knight Capital Group pushed a routine software update to its automated trading system.
Seven servers were updated. One was not.
In 45 minutes, the company lost $440 million.
No cyberattack. No sabotage. No dramatic villain.
Just a missing update, an untested rollback, and automation moving faster than humans could react.
By Jordon KeenIn August 2012, Knight Capital Group pushed a routine software update to its automated trading system.
Seven servers were updated. One was not.
In 45 minutes, the company lost $440 million.
No cyberattack. No sabotage. No dramatic villain.
Just a missing update, an untested rollback, and automation moving faster than humans could react.