…according to a Twitter post by the Chief Informational Security Officer of Grand Canyon Education.
So, does anyone else find it odd that the file that caused everything CrowdStrike to freak out, C-00000291-
00000000-00000032.sys was 42KB of blank/null values, while the replacement file C-00000291-00000000-
00000.033.sys was 35KB and looked like a normal, if not obfuscated sys/.conf file?
Also, apparently CrowdStrike had at least 5 hours to work on the problem between the time it was discovered and the time it was fixed.
This is why I openly advocate for a diverse ecosystems of services, so not everyone is affected if the biggest gets targeted.
But unfortunately, capitalism favors only the frontrunner and everyone else can go spin, and we aren’t getting rid of capitalism anytime soon.
So basically, it is inevitable that crowdstrike WILL be hacked, and the next time will be much much worse.
Years ago I read an study about insurance companies and diversification of assets in Brazil. By regulation, an individual insurance company need to have a diversified investment portfolio, but the insurance market as a whole not, so the diversification of every individual company, as a whole all the insurance market was exposed and the researchers found, iirc, like 3 banks that if they fail can they cause a chain reaction that would take out the entire insurance market.
Don’t know why, but your comment made me remind of that.
That’s kind of fascinating, never considered what the results of that kind of regulation can bring without anyone even noticing it at the time. Thanks for a good reading topic for lunch!
Properly regulated capitalism breaks up monopolies so new players can enter the market. What you’re seeing is dysfunctional capitalism - an economy of monopolies.
Sorry no, capitalism is working exactly as intended. Concentration of wealth breaks regulation with unlimited political donations.
You call it unregulated, but that is the natural trend for when the only acceptable goal is the greater accumulation of wealth. There comes a time when that wealth is financially best spent buying politicians.
Until there are inherent mechanisms within capitalism to prevent special interest money from pushing policy and direct regulatory capture, capitalism will ALWAYS trend to deregulation.
Yes…obviously.
And that IS dysfunctional capitalism.
That’s exactly what I’m saying, dude.
This is NOT capitalism working as intended. This is broken capitalism. Runaway capitalism. Corrupt capitalism.
Its like saying we just need good kings, no ids a bad system. Any capitalist system will devolve in corruption and monopoly. No regulations can survive the unavailable regulatory capture and corruption.
No system is perfect. All systems require some form of keeping power from accruing to the few.
Yes, very insightful.
If you start regulating capitalism, thats called something else. That would be saying that the markets can not regulate by themselves, and proving as a myth one of the basics of capitalism.
So I, as well, think capitalism is working as intended. and sure is based on greed.
Something else, as in what? As long as the means of production is privately owned for profit, it’s capitalism.
would you like an introduction to the almighty red rose?
I know you are trying to be clever but I’m not really in a clever mood rn.