CrowdStrike shares tumble as fallout from global tech outage continues

CrowdStrike shares tumble as fallout from global tech outage continues

George Kurtz, president CEO and Co-Founder at CrowdStrike speaks at the WSJTECH live conference in Laguna Beach, California, U.S. October 21, 2019. Mike Blake | Reuters CrowdStrike shares slipped as much as 13% on Monday morning, as the cybersecurity software company continued to help clients across industries recover from an outage that took millions of … Read more

Here’s why China was largely unaffected by Friday’s IT outage

Here’s why China was largely unaffected by Friday’s IT outage

BEIJING — While businesses in the U.S. and Europe woke up Friday to a global IT outage that disrupted airports and hotels, China went into its weekend largely unaffected. The issue traced back to a software update by Texas-based cybersecurity company CrowdStrike, which generates more than half its revenue from the United States. The company’s … Read more

Biden drops out, China LPR

Biden drops out, China LPR

Aerial view by drone of Tokyo Cityscape with Tokyo Sky Tree visible in Tokyo city, Japan on sunrise. pongnathee kluaythong | Moment | Getty Images Asia-Pacific markets are set to fall on Monday in Asia, on the back of news that U.S. President Joe Biden has dropped out of the presidential race, and endorsed Vice … Read more

Crowdstrike outage and global software’s single-point failure problem

Crowdstrike outage and global software’s single-point failure problem

The frequency of large-scale attacks on corporate enterprise IT is increasing. That’s not unusual or unexpected as companies spend heavily on cyber defense in an asymmetric war against hackers who can string together a few lines of code and wreak havoc. But the largest IT outage ever on Friday, resulting from a CrowdStrike software bug … Read more

The CrowdStrike fail and next global IT meltdown already in the making

The CrowdStrike fail and next global IT meltdown already in the making

When computer screens went blue worldwide on Friday, flights were grounded, hotel check-ins became impossible, and freight deliveries were brought to a stand-still. Businesses resorted to paper and pen. And initial suspicions landed on some sort of cyberterrorist attack. The reality, however, was much more mundane: a botched software update from the cybersecurity company CrowdStrike. “In … Read more

CrowdStrike (CRWD) shares plunge after major IT outage

CrowdStrike (CRWD) shares plunge after major IT outage

CrowdStrike makes software to help firms manage their security in IT environments. Sopa Images | Lightrocket | Getty Images Cybersecurity firm CrowdStrike saw its shares plunge Friday, after an update led to a major outage, impacting businesses across the world. Shares of the company, which makes software to help firms manage their security in IT … Read more

Stock exchanges operating normally, issue with FTSE Russell indexes resolved amid global outage

Stock exchanges operating normally, issue with FTSE Russell indexes resolved amid global outage

A trader works on the floor at the New York Stock Exchange on July 3, 2024. Brendan Mcdermid | Reuters A massive IT outage that is causing unprecedented global disruptions isn’t holding up business as usual in most parts of the financial markets, though one index provider did experience complications. Officials at both the New … Read more

How CrowdStrike IT outage is hitting global supply chain

How CrowdStrike IT outage is hitting global supply chain

Picture Alliance | Picture Alliance | Getty Images The CrowdStrike software bug that crashed Microsoft operating systems and caused the largest IT outage in history caused disruptions at U.S. and global ports, with highly complex air freight systems suffering the heaviest hit, according to logistics experts, as global airlines grounded flights. “Planes and cargo are … Read more

What is CrowdStrike (CRWD), and how did it cause global IT outages?

What is CrowdStrike (CRWD), and how did it cause global IT outages?

George Kurtz, co-founder and CEO of CrowdStrike Inc., speaks during the Montgomery Summit in Santa Monica, California. Patrick T. Fallon | Bloomberg | Getty Images A fault with an update issued by cybersecurity company CrowdStrike led to a cascade effect among global IT systems Friday, with industries ranging from banking to airlines facing outages. Banks … Read more

CrowdStrike suffers major outage affecting businesses around the world

CrowdStrike suffers major outage affecting businesses around the world

In this photo illustration, CrowdStrike logo of a U.S. cybersecurity technology company is seen on a smartphone and a pc screen. Pavlo Gonchar | Sopa Images | Lightrocket | Getty Images Cybersecurity firm CrowdStrike suffered a major outage on Friday, the company told NBC, impacting businesses globally. The outage resulted from an issue with the … Read more