Today, technical problems reportedly related to the interaction between Microsoft’s cloud computing system and cybersecurity provider Crowdstrike caused massive worldwide IT outages, disrupting transportation, healthcare, and businesses. Emily Peterson-Cassin, Demand Progress’s Director of Corporate Power, issued the following statement.
Economy-wide reliance on a few giant companies is a serious fundamental risk to Americans. No one regulatory or legislative intervention will prevent this kind of situation, but there are plenty of policies that can reduce the danger. Efforts to empower regulators’ ability to tackle the risks posed by concentrated corporate actors are critical to protecting Americans from these kinds of failures.
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