CFPB expands oversight of digital payments services including Apple Pay and Cash App
Delta Air Lines recently reported that it lost around $550 million after a technical outage at CrowdStrike Inc., a cybersecurity technology company, caused chaos and disruptions for its operations. The airline’s airline booking, flight operations, and other systems went offline for many hours, resulting in numerous flight cancellations and delays.
CrowdStrike, the cybersecurity firm involved, said that the outage was not due to a cyber attack, but a service disruption. The financial impact on Delta underscores the heavy reliance of modern businesses on digital infrastructure and the potential for large-scale disruptions when these systems encounter issues.
The event has prompted Delta and other companies to review their contingency plans and take steps to ensure they are better prepared for potential similar situations in the future.
Please note that the situation is still developing and further details are yet to be disclosed.
