It’s rare that I get to speak more about the tech side of my Fintech expertise (beyond AI, of course), but with the CrowdStrike bug making a mess around the world, I had the chance to do so on Saturday at CBC and Friday at CTV.

We discussed the impact of this on the financial system, and potential future measures to take given this critical infrastructure’s vulnerability. My take here is that we don’t put the same level of scrutiny to software companies as we do physical infrastructure, even though the consequences of a severe outage of the former can be just as severe. We trust that the companies themselves will have teams that do sufficient quality control. Why? For most critical systems, we require independent verifications. Why not for these companies that supervise, with full privileged access, a big chunk of the corporate systems?

Watch the Weekend Business Panel at the link below!