Microsoft to host cybersecurity summit after major IT outage

Microsoft plans to host a cybersecurity summit in September following a global IT outage caused by a flawed update from CrowdStrike in July. The outage disrupted nearly 8.5 million Windows devices and had widespread impacts across sectors, including airlines, banks, and healthcare. In response, Microsoft’s summit, scheduled for 10 September at its Redmond, Washington headquarters, will focus on strengthening cybersecurity systems and include discussions with government representatives and industry stakeholders.

The July outage highlighted the risks of relying on single-vendor cybersecurity solutions, as many organisations struggled to manage the disruption. CrowdStrike, the company at the centre of the incident, faces multiple legal challenges, including a lawsuit from shareholders alleging that the company failed to test its software, leading to the massive disruption properly. Delta Air Lines, one of the companies severely affected, has also initiated legal action, citing at least $500 million in losses due to flight cancellations.

CrowdStrike’s market value has dropped by approximately $9 billion since the outage, and the company is under intense scrutiny as it prepares to report its second-quarter financial results. The upcoming summit is seen as a critical step in addressing the vulnerabilities exposed by the incident and fostering a more resilient cybersecurity ecosystem.