There have been many media reports about the CrowdStrike – Microsoft outage that impacted airlines, banks, and many other organizations globally Friday.

The outage was caused by a defect in an update from the cybersecurity provider CrowdStrike, which caused cascading failures on computers using its cybersecurity application with Microsoft Windows.  WISE Trust does not use CrowdStrike and there is NO IMPACT to WISE Trust systems. Our team was aware of the issue and worked with our IT provider and major vendors to monitor the situation. Some of our vendors experienced minor issues, and these issues were quickly addressed through their own cybersecurity response protocols. As a result, there is NO IMPACT to pension payments or plan members’ ability to interact with the Plan. 

We will continue to monitor the situation and post updates if there are any significant developments.