ABA Banking Journal
No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
SUBSCRIBE
ABA Banking Journal
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
No Result
View All Result
No Result
View All Result
Home Technology

CrowdStrike releases initial findings about cause of IT outage

July 24, 2024
Reading Time: 1 min read
CrowdStrike releases initial findings about cause of IT outage

A widespread computer systems outage late last week that hit many banks and other businesses was caused by a defect found in an update for CrowdStrike software and was not a cyberattack, the cybersecurity firm announced today.

CrowdStrike released the initial findings of its internal review of the incident, which took down systems worldwide. According to the report, the flaw that caused the outages was contained in an update for its Falcon platform, which caused Windows systems to crash.  Mac and Linux users were not affected. The company’s content validation software failed to identify the problem before the update was sent out because of a bug.

In a statement, CrowdStrike CEO George Kurtz urged customers with questions to reach out to their CrowdStrike representative or technical support.

“We know that adversaries and bad actors will try to exploit events like this,” Kurtz said. “I encourage everyone to remain vigilant and ensure that you’re engaging with official CrowdStrike representatives. Our blog and technical support will continue to be the official channels for the latest updates.”

Tags: Cybersecurity
ShareTweetPin

Related Posts

ABA nominates officers, board for 2022-2023

ABA nominates officers for 2026-2027

Community Banking
July 15, 2026

ABA's Nominating Committee has finalized the official slate of officers to be presented for election at the association’s annual meeting scheduled for Oct. 27 in Salt Lake City.

Rare coin experts: Your pennies are not worth millions of dollars

Common Cents Act clears House

Newsbytes
July 14, 2026

The House passed by voice vote bipartisan legislation to implement the phaseout of the penny by providing a framework for cash rounding when exact change cannot be provided.

Kentucky judge blocks enforcement of small business lending rule

House bill would increase transparency about small business lending program risks

Commercial Lending
July 14, 2026

A proposed bill supported by ABA would require the Small Business Administration to provide and make public more details about 7(a) lending program risks.

Report: Republicans push back against proposed cuts to CDFI Fund

ABA warns against increasing administrative burden for CDFI Fund awards

Community Banking
July 14, 2026

While ABA supports responsible stewardship of federal financial assistance, any changes to how that assistance is distributed should preserve the operational effectiveness of the CDFI Fund for financial institutions, the association said in a letter to the Office...

OCC sees need for regulatory reform in bank merger process

Bank acquisitions announced in three states

Community Banking
July 14, 2026

Proposed mergers announced of banks in Nebraska, Illinois and New Hampshire.

Fed’s Warsh: Tailored regulation best supports domestic banking sector

Fed’s Warsh: Tailored regulation best supports domestic banking sector

Economy
July 14, 2026

In his first appearance before Congress as head of the Federal Reserve, Chairman Kevin Warsh stressed the need for tailored bank regulation and said that while international coordination of banking standards is important, “the Basel endgame is not...

NEWSBYTES

ABA nominates officers for 2026-2027

July 15, 2026

Common Cents Act clears House

July 14, 2026

House bill would increase transparency about small business lending program risks

July 14, 2026

SPONSORED CONTENT

Why Your Systems Keep Slowing Down — and What to Do About It

Examiners Are Now Looking at Your Non-Core Systems

June 11, 2026
Your Floorplan Audit and Your Credit Decision Are Weeks Apart. That Gap Has a Price.

Your Floorplan Audit and Your Credit Decision Are Weeks Apart. That Gap Has a Price.

June 1, 2026
A Modern Blueprint for Serving High-Net-Worth Families

A Modern Blueprint for Serving High-Net-Worth Families

May 28, 2026
Why Your Systems Keep Slowing Down — and What to Do About It

AI Is in Your Bank. Is Your Cloud Contract Governing It?

May 20, 2026

PODCASTS

Podcast: Understanding the 2025 Home Mortgage Disclosure Act data

July 8, 2026

Podcast: Financing America’s independence

June 29, 2026

Podcast: Talent and innovation in community banking

June 18, 2026

American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA

ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe

© 2026 American Bankers Association. All rights reserved.

No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive

© 2026 American Bankers Association. All rights reserved.