CrowdStrike incident highlights third-party risk for banks

By Craig Landrum (August 26, 2024, 6:31 p.m. EDT) — Just as the banking sector was recovering from the Silicon Valley Bank of 2023 liquidity problems — largely accelerated by social media-triggered withdrawals — the global business disruptions related to CrowdStrike's July 19 Windows update are a reminder of the dangers that the interconnectedness of the Internet can pose to organizations, including banks. …

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