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Expert Analysis

CrowdStrike Incident Highlights Third-Party Risk For Banks

By Craig Landrum ( August 26, 2024, 6:31 PM EDT) -- Just as the banking industry was recovering from Silicon Valley Bank's 2023 liquidity failure — largely accelerated by social media-fueled withdrawals — global business disruptions related to CrowdStrike's July 19 Windows update are a reminder of the dangers the interconnectedness of the internet can hold for organizations, including banks. ...

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