What did we learn from the global tech outage?

What did we learn from the global tech outage?

Author: The National News July 25, 2024 Duration: 16:29
Last week more than 8.5 million computers stopped working. The post-industrial and very much digital world in which we live, much of it anyway, came to a halt as well. Airlines couldn’t check in travellers. Hospitals had to find new ways to help patients, and restaurants resorted to pen and paper to take reservations. Cyber security company CrowdStrike inadvertently caused the chaos with a faulty update to its Falcon Sensor software.That software is supposed to detect cyber attacks, and prevent this sort of cataclysmic problem. The issue was fixed, mainly within 24 hours, but its residual effects, plus the millions in economic losses, has led many to think about what action is needed to prevent another IT meltdown. In this episode of Business Extra, host Cody Combs speaks to Igor Bershadsky, an expert in computer networking and cybersecurity, and co-founder of Dubai based Phron AI, to discuss the tech outage that crashed global systems.

Tune into Business Extra for a clear-eyed look at the forces shaping commerce in the Middle East and beyond. Produced by The National News, this podcast moves past the headlines to deliver substantive conversations with the analysts, executives, and innovators driving change. Each episode leans on the deep regional expertise of our editors and reporters, who translate complex developments in markets, energy, and technology into accessible insights. You’ll hear grounded discussions that connect local trends to global patterns, offering a necessary perspective on one of the planet's most dynamic economic landscapes. Whether it's a shift in oil policy, a tech startup's rise, or a new trade agreement, this series provides the context often missing from daily news cycles. For anyone with a stake in understanding how business really works in this pivotal region, Business Extra is an essential listen, blending authoritative journalism with genuine curiosity. The result is a consistently informative podcast that feels less like a briefing and more like a series of insightful conversations with people who have their finger on the pulse.
Author: Language: English Episodes: 100

Business Extra
Podcast Episodes
Inside the UAE’s SME strategy [not-audio_url] [/not-audio_url]

Duration: 17:10
In this episode of Business Extra, Abdulla bin Touq, Minister of Economy and Tourism, joins host Salim Essaid to discuss how the country is positioning itself as the global capital for start-ups and small and medium ente…
How Adnoc L&S became a global logistics power [not-audio_url] [/not-audio_url]

Duration: 9:25
This episode was produced in partnership with the Adnoc Group Capt Abdulkareem Al Masabi, chief executive of Adnoc Logistics & Services, joins this episode of Business Extra to explore the rise of the UAE’s largest integ…
Why more wealth is leaving the UK and landing in the UAE [not-audio_url] [/not-audio_url]

Duration: 19:35
A quiet transformation is reshaping the global wealth map. High net-worth individuals are moving their assets from the UK to the UAE. The Revolut co-founder Nikolai Stronsky's recent change of tax residency from the UK t…
TikTok's new owners and what is at stake [not-audio_url] [/not-audio_url]

Duration: 22:59
As TikTok faces a high-stakes restructuring to divest from its Chinese ownership, a new deal is emerging. Major US players including Oracle and Silver Lake are in the mix, along with MGX, a UAE-based company that could b…
What will Syria’s revalued currency mean for its economy? [not-audio_url] [/not-audio_url]

Duration: 19:55
Syria’s central bank has announced plans for a currency overhaul that will involve eliminating two zeros from its pound and printing new banknotes. The Syrian pound has lost more than 99 per cent of its value since the s…