INSIDE COMPLIANCE

Earlier this year, CrowdStrike, a leading cybersecurity company, experienced a major outage caused by an automatic software update. This incident disrupted services globally, affecting over 8.5 million devices, including critical sectors such as healthcare and financial services. As businesses increasingly rely on third-party vendors for cybersecurity, this outage underscores the importance of managing third-party risks and ensuring digital resilience. Organizations can use this event as a valuable lesson to reassess their risk management practices and strengthen their defenses. Furthermore, the incident reveals how even highly reputed vendors are not immune to failure, stressing the need for layered defenses that safeguard against vendor disruptions at every level.