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Marketplace All-in-One

Huge IT outage affects global businesses

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 19 July 2024

⏱️ 7 minutes

🧾️ Download transcript

Summary

From the BBC World Service: A raft of businesses and organizations running Microsoft’s Windows apps have been affected by a major global IT outage. Students in Bangladesh are continuing their blockade of roads across the country, in protest of a quota system on government jobs. You may think of Rome or Paris when asked about the café capital of the world – but China’s financial capital is becoming a new contender. At least that’s what Shanghai’s local government claims.

Transcript

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0:00.0

A Mass IT Outage Cripples Companies All Around the World, live from the BBC World Service.

0:06.6

This is the Marketplace Morning Report, Will Bain, Ian for Leanna Byrne again today.

0:10.9

Yes, payment systems in stores have been down flights grounded at

0:14.3

airports from Tokyo to Berlin and banks and stock exchanges have been amongst those

0:18.4

reporting problems accessing their systems this morning after what many believe

0:22.2

could be one of the largest

0:23.2

ever global IT outages. The BBC technology editor Zobe Klineman brought us the very

0:28.0

latest. Some people are saying it's the biggest global outage that we've ever seen. I think it's potentially early days to call it that, but it does feel that way, doesn't it?

0:35.9

Country after country, service after service, company after company. I think in some way it will probably

0:41.8

affect your life at some point today.

0:45.2

We are starting to understand a little bit more about what's happened now.

0:49.8

It looks like it was an antivirus sort of update that was pushed through by a company called

0:54.2

Crowd Strike.

0:55.2

There's lots of people reporting that it's reacted very badly, I think it's fair to say,

1:00.2

with devices running Microsoft software, which is of course loads of them because

1:03.5

millions of people and businesses around the world rely on Microsoft 365 to do their

1:08.1

sort of office admin work. So it is looking pretty widespread and you you know, often with these outages,

1:14.2

as soon as you've sort of spotted them, they fix themselves,

1:16.9

haven't they?

1:17.2

But that is definitely not the case here.

1:18.9

We're seeing more and more problems

1:20.4

as a sort of dominoes effect, still fanning out.

...

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