As a seasoned crypto investor and cybersecurity professional with over a decade of experience, I can’t help but be concerned about the recent global IT infrastructure outage caused by the CrowdStrike update. The impact on various industries, from emergency services to airports and stock exchanges, is alarming and highlights the vulnerabilities that still exist in our interconnected digital world.
The CISO of Polygon Labs affirmed on Friday that their company employs CrowdStrike’s services. Yet, he assured that Polygon Labs’ systems and offerings remained unaffected during last week’s global IT infrastructure disruption caused by a CrowdStrike update.
Polygon Labs Uses CrowdStrike Services
Mudit Gupta, Polygon Labs’ Chief Information Security Officer, utilized X social media channel on July 19th to reassure users that their organization had not been impacted by the recent worldwide disruption. He added that Polygon Labs employs Crowdstrike as one of their security tools, but they don’t implement non-essential updates until thorough testing has been completed.
“A significant portion of the global IT system is currently experiencing outages, affecting essential services such as emergency response teams, airports, and stock markets. I can’t fathom why other businesses responsible for crucial functions haven’t taken adequate measures to prevent this.”
A flaw in the most recent edition of Crowdstrike Falcon Endpoint Detection and Response (EDR) led to mass blue screen of death incidents and system crashes for approximately 10 million Windows users worldwide. This issue affected various industries including airlines, railways, stock exchanges, and numerous other businesses.
Crypto and Web3 Services Online Amid Global Outage
Despite the Microsoft outage, crypto and Web3 technologies remain unscathed. It’s worth noting that if Polygon Labs experience any disruption, the Polygon network will continue to function undeterred due to its decentralized nature.
Mudit Gupta stated that a potential IT incident at Polygon Labs would not affect the functionality of Polygon networks.
As a crypto investor, I can assure you that despite recent outages affecting some crypto exchanges and related services, Bybit remains operational. I received an update from Bybit directly, stating that “things are running smoothly here at Bybit.” So, rest assured, it’s business as usual for trading and managing your investments on the platform.
As a seasoned crypto investor, I can’t stress enough how crucial it is for industries to embrace the shift from Web2 to blockchain technology and digital assets. The recent outages serve as reminders of the risks associated with relying too heavily on traditional systems. Instead, let us seize this opportunity to transition towards more resilient and decentralized solutions that offer greater security and efficiency. By doing so, we can future-proof our businesses and stay competitive in an increasingly digital world.
Anatoly Yakovenco, a co-founder of Solana Labs, expressed his viewpoint that all Microsoft Windows computers function similarly to individual clients connected to a massive Windows computer. He lamented, “Sun Microsystems was thirty years ahead of its time!”
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2024-07-19 14:07