The $5.4 Billion Bug That Crashed The World

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Crowdstrike is the world’s largest cybersecurity firm. They were trusted by much of the Fortune 500, governments, and public services worldwide. But, just one coding error turned them into the world’s most infamous cybersecurity firm due to the raw scale of the issue. In July of 2024, Crowdstrike pushed out an update that immediately crashed every computer that received the update. They spotted the issue relatively early and only 8.5 million computers were affected. However, many of these 8.5 million computers were at the hearts and souls of corporate and government infrastructure leading to massive global outages. And the worst part is that all of this could have been avoided if Crowdstrike had followed industry standard staging practices. This video explains the Crowdstrike incident and how one coding error led to $5.4 billion in losses.

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Timestamps:
0:00The World Goes Dark
0:41Hour By Hour
8:05What Happened

Resources:
https://pastebin.com/U9NJeR9z

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Logically Answered is centered around explaining the economics of tech and social media. These sectors are generally analyzed through the lenses of finance and economics to determine which industries and companies will thrive and which will fall. In addition to this analysis, the content is often focused on the stories of various famous entrepreneurs such as Elon Musk, Steve Jobs, and Jeff Bezos. Logically Answered also cover the rise and fall of several interesting companies and services that we come across on a daytoday basis. There have been so many companies that have risen to fame and then died out in a single generation. The most interesting companies are the ones that were able to save themselves and avoid bankruptcy. Feel free to follow the podcast if you would like to see any of these topics Logically Answered.

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