CROWDSTRIKE
Amagi, Shiprocket post profits; US polls’ impact on IT
Amagi’s Q2 profit surged nearly 30x while Shiprocket swung into the black for the first time. This and more in today’s ETtech Top 5.
India flags Chinese-linked AI tools in hacking campaign against financial firms
India's cybersecurity agency named the hacking group behind a wave of AI-driven attacks on financial firms and identified its tools, at least two of them linked to China, adding India to a growing list of countries where
PB Fintech, Delhivery improve Q2 profits; Binance's $6.3 billion caper
PB Fintech on Friday reported a strong jump in profit and revenue for the July-September quarter. This and more in today’s ETtech Top 5.
AI’s 3-week blitz digs up 14,000 security flaws in open-source software
Google Cloud’s Mandiant team reported a similar acceleration in vulnerability discovery. In August, it said that its AI-assisted system had identified more than 100 confirmed critical vulnerabilities in two days during an investigation involving stolen corporate code repositories.
Nvidia launches OpenShell Reference Architecture to contain AI agents
Nvidia said this architecture combines computing hardware, software and security tools to keep agents within defined boundaries aiming to address a part of the problem.
Banking watchdogs ramp up AI scrutiny as stability fears mount, sources say
Banking regulators are intensifying their oversight of AI risks that could affect financial stability and cyber security. The Federal Reserve, European Central Bank, and Bank of England are probing banks about their AI usage. Concerns are rising about potential damages from cyber threats involving advanced AI models.
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Bill Gates says AI’s immediate danger comes from people, what could happen next?
Bill Gates warned that the next year could bring “a lot of negative surprises,” especially in the form of cyberattacks. He said the danger comes from people with harmful intentions gaining access to powerful new AI models without proper safety controls.
OpenAI and Anthropic fear a major AI crisis in the next 6 to 12 months. Here’s what they’re preparing for
OpenAI and Anthropic are preparing for a potential AI crisis, with industry insiders warning that a major incident could occur within six to 12 months. Possible scenarios include cyberattacks disrupting essential services, raising fears of public backlash, accountability and stricter AI regulations in the United States.
Chinese AI tool pulled to prevent 'misuse' after South Korea hacks
In light of alarming bank hacks, the Chinese AI cybersecurity tool Artex has been taken offline. Major data breaches affecting tens of thousands of clients have been reported by South Korean banks. The developer has opted for a closed-source model. Investigations hint at a financially-driven individual in China being behind the attacks, raising concerns about the risks of open-source tools in the cybersecurity realm.
South Korea, Japan buffeted by hacks as AI lowers bar for cybercriminals
Nine South Korean banks and two mega-churches are probing cyberattacks that may have involved AI tools, while Japanese companies including Daiwa Securities, SoftBank Corp and the Lawson convenience store chain have been hit by a recent surge in cyber incidents.
Chinese developer makes ARTEX AI agent closed-source after Korean bank hack
The Chinese developer of ARTEX said they have converted the AI agent to a closed-source project after cybersecurity firms identified it as a tool used in a recent cyberattack campaign against South Korean banks.
Suspect behind South Korea bank hacks may be 26-year-old in China, CrowdStrike says
The suspect behind recent cyberattacks targeting South Korea's financial sector may be a 26-year-old based in China's Guangdong province, US cybersecurity firm CrowdStrike said.
Edelweiss Asset Management launches Edelweiss US Technology Equity Fund in GIFT City, invests in JPMorgan US Technology Fund
Edelweiss Asset Management launched the Edelweiss US Technology Equity Fund through GIFT City, providing dollar-denominated exposure to JPMorgan’s US Technology Fund. The fund targets resident investors, NRIs, institutions and family offices, with a $5,000 minimum investment. The launch offers an alternative overseas investment route amid India’s mutual fund limits.
US Market: Software stocks hit 2026 highs as AI disruption fears ease
US software stocks have reached fresh 2026 highs as stronger earnings expectations and growing adoption of AI ease fears of disruption. Strong results, AI partnerships and rising cybersecurity demand have boosted the sector. Software earnings growth forecasts have improved, while investors increasingly view AI as an enabler, though automation risks remain for future business models.
US software stocks scale fresh 2026 highs as AI disruption worries fade
US software stocks are touching fresh 2026 highs, supported by a sharp rise in earnings expectations, which according to several analysts indicate that fears over AI-led disruption in the sector were largely overstated.
US stocks: US software shares hit 2026 highs as AI disruption fears ease
US software stocks are witnessing robust growth, fueled by optimistic earnings projections and partnerships in AI. Major players like Salesforce and Accenture have showcased impressive earnings, aiding the sector's revival. Analysts suggest that fears of AI disrupting the software landscape are exaggerated. Nonetheless, challenges persist as technology evolves, potentially affecting traditional business models.
Banks’ biggest risks may now sit inside their tech stack: RBI Deputy Governor Rohit Jain
RBI Deputy Governor Rohit Jain said technology is no longer merely an enabler for banks but is becoming their “risk architecture”, making technological resilience as important as financial resilience. He urged banks to treat technology risk as a first-order enterprise risk, with stronger governance, cybersecurity, third-party oversight and AI controls.
CrowdStrike raises annual revenue forecast on strong cybersecurity demand
CrowdStrike is a cloud-native cybersecurity software firm that helps businesses protect their computers, cloud systems, accounts and data from cyberattacks.
CrowdStrike stock soars over 12% after strong financial guidance and $20 billion ARR goal
Crwd stock today: CrowdStrike's stock surged following optimistic financial guidance shared at its Fal.Con 2025 conference, including a $20 billion ARR goal by fiscal year 2036. Analysts highlighted the company's projected ARR growth and operating margin for fiscal year 2027, exceeding expectations. The company's market value has significantly increased.
Delta can sue CrowdStrike over computer outage that caused 7,000 canceled flights
The Atlanta-based judge also let Delta pursue a computer trespass claim, and a narrowed claim that CrowdStrike fraudulently promised not to introduce an "unauthorised back door" into the carrier's computers. In a statement on Monday, CrowdStrike's lawyer Michael Carlinsky said he was confident the judge will find Delta's case has no merit, or will limit damages to the "single-digit millions of dollars" under Georgia law.
Crowdstrike executive to testify before Congress on IT outage
Adam Meyers, senior vice president for counter adversary operations at CrowdStrike, will testify before the House Homeland Security cybersecurity and infrastructure Protection subcommittee, the panel said Friday.
CrowdStrike rejects Delta Air Lines claims over flight woes
CrowdStrike reiterated its apology to the airline operator, but said in a letter from an external lawyer that it is "highly disappointed by Delta's suggestion that CrowdStrike acted inappropriately and strongly rejects any allegation that it was grossly negligent or committed misconduct." Delta canceled more than 6,000 flights over a six-day period, impacting more than 500,000 passengers.
CrowdStrike is sued by shareholders over huge software outage
CrowdStrike faces a lawsuit from shareholders over claims of deceptive software testing assurances following a global outage impacting millions of computers. The incident led to service disruptions and a sharp decline in the company's stock price. The shareholders seek unspecified damages for Class A shares held between the specified dates.
CrowdStrike clarifies: $10 gift cards offered to teammates & partners, denies it as compensation for the outage
CrowdStrike, a cybersecurity firm, apologized for a faulty update that crashed 8.5 million computers globally, offering a $10 Uber Eats gift card to affected users. The update, intended to improve threat detection, caused widespread disruptions in aviation and healthcare sectors. Some users reported issues redeeming the gift card. CrowdStrike reverted the defective update the same day.
What exactly led to the Microsoft global outage? CrowdStrike finally shares major details
CrowdStrike, the cybersecurity firm that works for Microsoft's overall cyber protection for its applications and services, has revealed some major details around what led to the massive global IT outage, that affected businesses and services all across the globe.
CrowdStrike says bug in quality control process led to botched update
Friday's outage happened because CrowdStrike's Falcon Sensor, an advanced platform that protects systems from malicious software and hackers, contained a fault that forced computers running Microsoft's Windows operating system to crash and show the "Blue Screen of Death".
ET Explainer: how a CrowdStrike update knocked the world offline
After a CrowdStrike update caused errors in Microsoft Windows, affecting 8.5 million devices worldwide, both companies explained the July 19 incident. CrowdStrike's update led to a logic error in Windows, causing devices to display the blue screen of death. The update aimed to protect Windows devices but had unintended consequences.
Microsoft's CrowdStrike issue can take weeks to fix, claim experts; Here's what you can do in the meantime
Microsoft is currently in the headlines for all the wrong reasons after a global outage of its applications and services shook the entire world. Passengers were left stranded at airports, banks and stock markets came to a halt, while everything else was in pandemonium. Now, experts are saying that the CrowdStrike issue due to which everything transpired, would take weeks to fix.
CrowdStrike: All you need to know about cybersecurity giant behind global IT outage
CrowdStrike, the cybersecurity company behind a massive global IT outage, is the leader in its sector, known for building software defenses for the cloud computing age and exposing Russian and North Korean threats. But cloud computing giants Microsoft, Amazon and Google provide their own cybersecurity software and are also rivals.
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