Experts in economics and information technology estimated the economic impact of the recent global internet disruption to be potentially worth millions or billions of US dollars. The disruption has highlighted the importance of cybersecurity and business continuity strategies to safeguard public and personal data. Dr. Abdullah Al Khater pointed out that Microsoft and CrowdStrike were the most affected companies, facing reputational damage and significant costs.
The internet outage caused operational disruptions in various sectors like airlines, telecommunications, media outlets, banks, and trading markets globally. Mohamed Alam, an expert in information technology, attributed the malfunction to CrowdStrike's mandatory update, affecting devices running Microsoft Windows. Businessman Mansour Al Naemi emphasized the need for companies to enhance cybersecurity mechanisms to mitigate the impact of such unexpected shocks.
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