Sep 24, 2024
Welcome to The Hill's Technology newsletter{beacon} Technology Technology   The Big Story CrowdStrike exec in hot seat Lawmakers grilled an executive from cybersecurity firm CrowdStrike, who said the company is “deeply sorry” for causing the global technology outage that grounded thousands of flights and impacted various industries in July.© Nathan Howard/Getty Images "On behalf of everyone at CrowdStrike, I want to apologize," CrowdStrike Senior Vice President Adam Meyers said during opening remarks at a House hearing Tuesday. "We are deeply sorry this happened and are determined to prevent it from happening again."  Meyers’s appearance before the House Homeland Security Subcommittee on Cybersecurity and Infrastructure marked the only hearing so far scheduled to discuss CrowdStrike’s botched July 19 update, which crashed computers running Windows software and prompted a global outage.   Thousands of flights were canceled or delayed due to the outage, while hospitals, emergency services and some government offices were also impacted. The incident sparked scrutiny of the cybersecurity firm and how foreign adversaries could take advantage of these sorts of vulnerabilities.   “The sheer scale of this error was alarming. A routine update could cause this level of disruption – just imagine what a skilled and determined nation-state actor could do,” subcommittee chair Rep. Andrew Garbarino (R-N.Y.) said in opening remarks. Meyers emphasized the July outage was not a cyberattack from foreign threat actors.  “This incident was caused by a CrowdStrike rapid response content update that was focused on addressing new threats,” he said, adding the company is focused on increasing transparency and “learning” from the failed update.  “We have undertaken a full review of our systems and begun implementing plans to bolster our content update procedures so that we emerge from this experience as a stronger company,” he said. “I can assure you that we will take the lessons learned from this incident and use them to inform our work as we improve for the future.”  Read more in a full report at TheHill.com.  Welcome to The Hill’s Technology newsletter, we're Julia Shapero and Miranda Nazzaro — tracking the latest moves from Capitol Hill to Silicon Valley.   Did someone forward you this newsletter? Subscribe here.   Essential Reads  How policy will be impacting the tech sector now and in the future:  Bipartisan lawmakers unveiling measure requiring social media mental health warningsSens. Katie Britt (R-Ala.) and John Fetterman (D-Pa.) introduced a bill Tuesday that would require social media platforms to have mental health warning labels. The legislation — dubbed the Stop the Scroll Act — aims to inform users of the potential mental health risks of social media and provide access to mental health resources, according to a press release. Under the legislation, popup labels would be developed by the surgeon …  Full Story  Justice Department accuses Visa of monopolizing debit market in antitrust lawsuitThe Justice Department sued Visa on Tuesday, accusing the credit card company of illegally maintaining a monopoly over the debit market.  The DOJ argues that Visa has limited competition by entering into exclusive agreements with merchants and banks that force most or all of their transactions to run on Visa’s network.  It also allegedly paid-off or threatened potential rivals with additional fees in order to …  Full Story  SEC leaders spar at testy House hearingA Republican commissioner at the Securities and Exchange Commission (SEC) offered a searing critique of the agency’s work under Democratic Chair Gary Gensler on Tuesday, as Gensler defended his tenure during a joint appearance of all five commissioners before Congress.  SEC Commissioner Hester Peirce, whose name has been floated as Gensler’s potential successor under a second Trump administration, criticized the agency’s approach …  Full Story  Telegram CEO says user data will be provided to authorities if requested Telegram will now hand over the data of users who violate their rules when requested by authorities, CEO Pavel Durov announced Monday. The changes come nearly a month after Durov was detained and indicted by French authorities after allegedly refusing to work with authorities investigating criminal acts on the messaging app. Durov, in a statement posted to his Telegram account Monday, said the platform updated its service and …  Full Story   The Refresh  News we've flagged from the intersection of tech and other topics: Microsoft tool seeks to correct AI hallucinations Microsoft has unveiled a new tool, called Correction, meant to catch and revise erroneous information generated by artificial intelligence (AI), TechCrunch reported.   James Cameron joins Stability AI board Director James Cameron, known for "Titanic" and "Avatar," is joining the board of directors at Stability AI, the company behind the AI image generator Stable Diffusion, The Verge reported.   On Our Radar  Upcoming news themes and events we're watching: Meta's annual developer conference, Meta Connect, gets underway Wednesday with a keynote address from founder and CEO Mark Zuckerberg at 1 p.m. ET.  The Hill Jobs  Interested in exploring a new career? Visit The Hill Jobs Board to discover millions of roles worldwide, including: Counsel, Operations and Regulatory Compliance — The Walt Disney Company (Corporate), Doctor Phillips, Fla.  Apply Director, Generative AI - Agents and Tooling - People Leader (Remote Eligible) — Capital One, New York.  Apply Associate Director, Corporate Communications — Amazon.com, East Orange, N.J. Apply  Hotel Manager Marriott Marquis — Marriott, Washington, D.C. Apply   Click here to get your job mentioned  What Others are Reading  Two key stories on The Hill right now: Supreme Court allows Missouri to execute Marcellus Williams The Supreme Court refused to block Missouri from executing Marcellus Williams on Tuesday amid questions about the jury selection process and key evidence … Read more Vance-Walz VP debate going to be ‘most important … in US history’: Presidential historian The vice presidential debate scheduled for next Tuesday between Minnesota Gov. Tim Walz (D) and Sen. JD Vance (R-Ohio) will be the most important such … Read more  What Others are Reading  Opinion related to tech submitted to The Hill: Amazon’s new office-only work policy is sure to backfire  You're all caught up. See you tomorrow!  Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy. Direct to your inbox. Sign up for the Technology newsletter Subscribe
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