Global Microsoft Outage Causes Disruption across Sectors

A widespread Microsoft outage disrupted operations across various sectors, including asset management companies, airlines, banks, and media outlets. The Association of Mutual Funds in India (AMFI) reported that five asset management companies experienced temporary disruptions. The issue, linked to a CrowdStrike update, was resolved during the day without significant impact on operations.

A widespread Microsoft outage disrupted flights, banks, media outlets, and companies around the world on Friday, impacting critical IT systems and operations.

The Association of Mutual Funds in India (AMFI) reported that five asset management companies experienced disruptions to vital functions. These issues were resolved during the day without significant operational impact.

The cause of the outage was traced to a new update from cybersecurity firm CrowdStrike, affecting Windows-based systems. Despite the disruptions, stock exchanges and major financial institutions remained largely unaffected.

(With inputs from agencies.)