The release noted that organisations today face a high volume of alerts from siloed security tools that fail to stop adversaries.
The hacker, who recently was in news for a massive data breach at the US-based API firm National Public Data, has a history of cybercrimes.
Speaking on CNBC, Bastian said on Wednesday that the monetary amount represents lost revenue as well as “the tens of millions of dollars per day in compensation and hotels” for the five-day period
Cybersecurity company CrowdStrike had caused a global computer outage last week on multiple Windows PCs worldwide
In a recent LinkedIn post, CrowdStrike CEO George Kurtz claimed that 97% of the Windows sensors that went offline during the global outage are now back online.
Reports of these 'gifts' surfaced on Wednesday afternoon, generating a range of reactions. While some saw it as a fitting end to a challenging week, others expressed frustration over the inadequacy of the gesture.
CrowdStrike's glitchy update to its security software affected computers powered by Microsoft's Windows operating system, disrupting internet services across the globe and leaving people without access to banking or healthcare services
The big cloud platforms bring several advantages to corporations but as the current system crash shows, running the latest software sometimes can also lead to its own set of risks
Across the world Friday, affected computers were showing the blue screen of death a sign that something went wrong with Microsoft's Windows operating system
In a statement on Saturday, the Association of Mutual Funds in India (AMFI), said, "Out of the 44 AMCs, there were 5 AMCs who reported disruptions to some important functions, which were resolved during the day and did not have any material impact on operations."
As memes and reactions proliferated on social media, the resurfaced Steve Jobs interview added fuel to the online discourse. In the interview with tech journalist Bob Cringely, Jobs remarked, 'The only problem with Microsoft is that they just have no taste.'
CrowdStrike's Falcon Sensor threat-monitoring software was the cause which led to Microsoft’s Windows operating system to crash.
"A global IT issue affected several companies across several countries today. This problem was encountered in our company also," Maruti Suzuki India said in a regulatory filing.
CrowdStrike Holdings's CEO said 'a fix has been deployed' and Microsoft Azure confirmed it has received reports of successful recovery from some customers.
London's biggest airport, Heathrow, said in a statement that its "flights are operational though we are experiencing delays".
We're continuing to progress on our mitigation efforts for the affected Microsoft 365 apps and services, Microsoft said.
"Unlike nuclear weapons, whose development and conditions of use were debated heavily in the public realm, especially after their first use in World War II, the same has not happened yet for cyber weapons."
The four are expected to argue for more - or even mandatory - transparency in the national response against cyberespionage, which has long been hobbled by secrecy and a widespread reluctance to identify publicly as victims of hacking.
ZTE Corp, the world's No.4 handset vendor and one of two Chinese companies under U.S. scrutiny over security concerns, said one of its mobile phone