At Extreme Investor Network, we understand the importance of staying informed and up-to-date on the latest developments in the financial services industry. Recently, some investors experienced disruptions due to a widespread global IT outage that affected companies like Charles Schwab, one of the country’s largest brokerage firms.
The issues were caused by a faulty software update from cybersecurity company CrowdStrike, impacting businesses worldwide, including airlines, banks, and media outlets. CrowdStrike CEO George Kurtz reassured customers that they are actively working to address the defect found in a single content update for Windows hosts.
While Charles Schwab faced around 500 reports of outages on Friday morning, other financial services companies like Vanguard and Fidelity did not show significant outage reports. Vanguard’s portfolio management trading functions were operating as normal, with no current impact on their products or pricing. Fidelity also reported that they were aware of the issues but did not appear to be impacted as of mid-day Friday.
In times like these, it’s crucial for investors to stay informed and be prepared for any disruptions that may arise. At Extreme Investor Network, we provide valuable insights and expert advice to help you navigate the ever-changing landscape of personal finance. Stay tuned for more updates and tips to help you maximize your investments and secure your financial future.