Microsoft announced on Friday that it will host a summit in September aimed at enhancing cybersecurity measures, following a problematic update from CrowdStrike that led to a worldwide IT outage last month.

This conference represents Microsoft's initial significant action to tackle the challenges that impacted approximately 8.5 million Windows devices on July 19, causing disruptions across various sectors, including major airlines, financial institutions, and healthcare providers.

The event is set for September 10 at Microsoft's headquarters in Redmond, Washington, and the company plans to invite representatives from government agencies, as stated in a blog post.

"The CrowdStrike incident in July offers critical insights for us to consider as a collective ecosystem," Microsoft remarked.

The outage has raised alarms about the preparedness of many organizations to execute contingency plans when a critical IT system or software component fails.

"We are eager to contribute our insights during discussions with Microsoft and other industry and government representatives regarding the necessity for a more robust ecosystem," a spokesperson from CrowdStrike commented.

Analysts have indicated that the incident has highlighted the risks associated with relying on a single vendor for comprehensive security solutions.

Since the outage, CrowdStrike has seen a decline of approximately $9 billion in its market capitalization and is facing lawsuits from shareholders who allege that the company misled them about the potential risks of its insufficient software testing.

Earlier this month, Delta Air Lines announced it is pursuing legal action against both CrowdStrike and Microsoft, as the outage resulted in widespread flight cancellations and incurred costs of at least $500 million for the airline.

CrowdStrike is expected to release its second-quarter financial results following the close of the U.S. market on August 28.