American cybersecurity company CrowdStrike became a household name for all the wrong reasons on Friday, after a botched update caused havoc around the world.
The top story on Wall Street Friday involves CrowdStrike Holdings, Inc. CRWD. Worldwide IT outages have affected banks, airlines, and even the London Stock Exchange.
It's been an extraordinary day of cancelled flights, disrupted businesses, problems for healthcare and TV stations not being able to get on air (ahem).
CrowdStrike, the company at the heart of the IT outage being described as the worst the world has seen, has been a darling of Wall Street over the last year.
Banks worldwide are fixing issues from a global IT outage caused by a CrowdStrike update. British banks like Santander and Metro Bank faced ATM service disruptions on Friday.
A defect in an update to CrowdStrike's software knocked out IT systems around the world before the company was able to implement a fix. Shareholders can be encouraged that the fix came quickly and that it wasn't a cybersecurity issue.
A CrowdStrike update caused a global outage and disrupted various industries.
A software update from CrowdStrike triggered a massive global IT outage. Millions of computers were impacted, and investors are dumping the cybersecurity specialist's stock in response.
The CrowdStrike outage that hit early Friday morning and knocked out computers running Microsoft Windows has grounded flights globally.
A defective update from cybersecurity company CrowdStrike (CRWD) caused a global outage Friday in Microsoft's (MSFT) platforms, affecting a wide range of organizations and businesses, including airlines, banks, the London Stock Exchange, media outlets, government agencies, and others.
A faulty software update issued by security giant CrowdStrike has resulted in a massive overnight outage that's affected Windows computers around the world, disrupting businesses, airports, train stations, banks, broadcasters, and the healthcare sector.
Major airlines, broadcasters, hospitals and government agencies face disruptions worldwide on Friday as a technology outage affects systems running Microsoft Windows, even as CrowdStrike, the cybersecurity firm whose software update caused the outage, claimed the problem has been fixed.