New Delhi: The Microsoft outage has hit stock market investors with multiple brokerages reporting tech downtime since their systems are based on Microsoft Cloud or dependent on their suite of applications. IIFL Securities, Nuvama, Edelweiss, Motilal Oswal, and 5paisa reported tech outage owing to issues with Crowdstrike/Microsoft. This outage has affected the cyber security solutions of these platforms.
Due to a global outage with Crowdstrike/Microsoft, offering a cyber security solution, our systems are affected. Our team is working closely with both of them to restore our systems as soon as possible.
— 5paisa (@5paisa) July 19, 2024
What happened to Microsoft services
Laptops and computers running on Microsoft witnessed their screens turning blue around 12 pm on Friday owing to a service outage at Microsoft. The computer screens showed the Blue Screen of Death accompanied by repeated shut downs and restarts.
This is not a new problem since many users face this problem on a daily basis. However, this time the problem has occurred on multiple systems across the world, bringing services and operations to a halt.
Almost all services of MS hit by outage
Microsoft services affected by the outage include:
MS Windows
Microsoft Teams
Azure
MS-Store and cloud services
Microsoft 365.
What is Blue Screen?
Also, called a black screen error or stop code error, a Blue screen error happens when there’s a hardware or software issue. Experts say that if this problem persists, then the computer can be started in safe mode. Apart from this, the operating system should also be updated.
Companies are also facing issues related to Crowdstrike, a cybersecurity platform. Its Falcon software, which is widely used on MS systems, has led to the Blue Screen of Death on systems.
Other sectors affected by the strike include:
Banking
Aviation
Media
All companies have notified users about the glitch adding that they are working on solutions.
Microsoft Crowdstrike outage: Brokerages in India have been hit by the Microsoft tech outage with IIFL Securities, Nuvama, Edelweiss and Motilal Oswal saying their services were down. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
