A massive IT outage that is causing global disruptions apparently won't hold up business as usual in financial markets.
Shares of Austin, Texas-based cybersecurity giant CrowdStrike fell 13% in pre-market trading on July 19 after suffering “a major outage affecting businesses globally,” reported CNBC.
Airlines, banks, and supermarkets face disruption due to an IT outage linked to Crowdstrike. Crowdstrike's CEO said the problem was not caused by a cyberattack and a fix had been deployed.
CrowdStrike Holdings may be looking at worst single-day stock-market performance ever, after a computer outage worldwide was pinned on the cybersecurity company.
Companies across several industries including airlines, banking and media were hit on Friday by a global tech outage tied to Microsoft's Azure cloud platform and a software issue at cybersecurity firm CrowdStrike.
CrowdStrike CEO George Kurtz apologized for a global tech failure that disrupted multiple industries on Friday, vowing to work with all of its customers as they work to get their operations back online.
Business operations across various industries were disrupted worldwide Friday due to a CrowdStrike outage. Stocks fall.
At the heart of a global IT outage affecting companies ranging from banks to airlines is a Texas-based cybersecurity firm, CrowdStrike. On Friday, CrowdStrike experienced a major disruption following an issue with a software update.
Here's what you need to know about the cybersecurity firm as it deals with the fallout of millions of devices apparently taken offline by one of its software updates.
Crowdstrike CEO George Kurtz said a mass outage was not caused by a cyberattack. He said customers were affected "by a defect found in a single content update for Windows.
U.S. stocks are gearing up for a nervy as index futures were seen hugging the flat line. Uncertainty, which is one of the biggest enemies of the market, has intensified on all fronts.
Cybersecurity firm Crowdstrike is actively working with customers impacted by a defect found in a single content update for Microsoft Windows hosts, the company's CEO said on Friday, amid an ongoing major global tech outage.