CrowdStrike-Microsoft outage: Chinese cybersecurity firms take victory lap

0
768

Chinese cybersecurity companies are taking advantage of the massive Microsoft Windows outage that upended businesses and grounded flights around the world on Thursday and Friday by promoting their own software, as Beijing pushes to cut the country's reliance on foreign suppliers.

Austin, Texas-based cybersecurity company CrowdStrike caused the outage, one of the largest in history, by pushing a bad software update that crashed the Windows operating system. It affected airports, banks, and hospitals, among many other businesses.

360 Security Technology, China's largest cybersecurity firm, took the opportunity to promote its products, which it claimed were "more reliable, stable, comprehensive and intelligent".

"When selecting endpoint security software, it is important to fully evaluate its defence capabilities to avoid potential security risks and ensure that business continuity and data security are not threatened," it said in a social media post on Friday.

Visitors tour the Chinese internet security firm Qihoo 360 booth at the World 5G Convention in Beijing on November 21, 2019. 

QAX, another well-known firm in the sector, wrote in a blog post on Friday that "software vendors involved in system stability need to have stricter quality control of their software".

Tencent Holdings, which operates the Tencent PC Manager platform, said on Friday that it received reports from some users who experienced the Windows error screen, known as the blue screen of death. It referred users to CrowdStrike's official workaround steps to resolve the problem.

The incident adds to Beijing's list of reasons for seeking to move away from foreign technology as it pursues technological self-reliance in the face of mounting export restrictions and sanctions from Washington. Key infrastructure was largely unaffected in China, where only foreign businesses and luxury hotels were hit.

While Microsoft said on Friday that its systems had been restored, many businesses continued to deal with the fallout.

The Hong Kong International Airport, whose passenger check-in system collapsed, issued a notice on Saturday saying operations had returned to normal.

China's cybersecurity market is dominated by local players. Beijing has long been phasing out software from companies like Russia's Kaspersky Lab and US-based Symantec. CrowdStrike does not sell products and services in China, according to its website.

CrowdStrike shares fell 11.1 per cent to US$304.96 on the Nasdaq on Friday, while Microsoft edged down 0.74 per cent. Competitors SentinelOne and Palo Alto Networks gained 7.85 per cent and 2.16 per cent, respectively.

While China has pursued technological self-reliance to varying degrees for decades, the government's mistrust of foreign commercial software deepened after the 2013 leaks from US intelligence contractor Edward Snowden revealed methods that the National Security Agency used to access information from some of the world's biggest tech companies.

The government made a concerted push to completely switch to domestic security software a decade ago, according to a 2014 report by state-owned China News Service.

All the departments of the Ministry of Industry and Information Technology have installed 360 software, the report said, and state-owned enterprises would follow by also installing domestic alternatives.

CrowdStrike has made monitoring for Chinese cyberattacks an important part of its business, as Western countries have warned of an increasing number of attacks coming from China-linked actors.

In 2015, the company reported seven Chinese cyberattacks against US technology and pharmaceutical companies. China's foreign affairs spokeswoman Hua Chunying said at the time that "the Chinese government would not in any way participate, encourage or support enterprises in engaging in the theft of trade secrets".

In its latest annual report, CrowdStrike said that "China-nexus adversaries increasingly targeted third-party relationships" in 2023.

AfriPrime App link:  FREE to download...

https://www.amazon.com/Africircle-AfriPrime/dp/B0D2M3F2JT

Patrocinados
Buscar
Categorías
Read More
Other
Epigenetics Diagnostic Market is set to Boom Worldwide at a CAGR of 15.2% by 2028
  Global Epigenetics Diagnostic Market is expected to gain market growth in the forecast...
By DataBridgeMCRR 2023-06-20 06:21:46 0 2K
Wellness
SUICIDE- The Psychology of Life: The Big Picture in Suicide Prevention. One of the biggest population challenges in the field. Reviewed by Lybi Ma
KEY POINTS- The biggest challenge in the field of suicide prevention is the number of people...
By Ikeji 2023-09-04 02:58:46 0 2K
Other
Loch Ness Property Rentals
Nestled in the picturesque landscapes of the Scottish Highlands, Loch Ness is renowned for its...
By officewebmaster315 2023-08-19 06:21:06 0 2K
Health
Wearable Medical Device Market Size, Comprehensive Analysis And Future Estimations With Top Key Players 2023-2032
The Wearable Medical Device Market Overview Size, Trends By Type Device Type Application,...
By akshada 2023-11-14 07:17:35 0 2K
Other
Welcome to escort agency in Ajmer and meet our beautiful, hot young escorts in Ajmer.
So what are you waiting for, come to us and we will assure you that you can have a moment of...
By nlm7976kumar 2024-06-24 05:25:46 0 784