Multiple-day outage caused airline to lose revenue by cancelling and delaying thousands of flights
With cyberattacks increasing to 2,365 incidents and 343 million victims last year, cybersecurity stocks are more attractive. Data breaches surged 72%, highlighting the need for robust digital defenses.
NEW YORK, NY / ACCESSWIRE / July 31, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of CrowdStrike Holdings, Inc. ("CrowdStrike" or "the Company") (NASDAQ:CRWD). Investors who purchased CrowdStrike securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/CRWD.
LOS ANGELES, CA / ACCESSWIRE / July 31, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of CrowdStrike Holdings, Inc. ("CrowdStrike" or "the Company") (NASDAQ:CRWD) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
Delta Chief Executive Ed Bastian said the technology outage associated with a CrowdStrike CRWD -9.72%decrease; red down pointing triangle software update could cost the airline around $500 million.This story will be updated.
Delta CEO says CrowdStrike-Microsoft outage cost the airline $500 million
On July 19, cybersecurity company CrowdStrike Holdings Inc. CRWD pushed out a software update that prevented millions of Windows computers from booting up. This led to a global IT outage that caused airlines to ground flights, led to technical issues at brokerages, left first responders scrambling and affected countless other businesses.
After the mass IT outage caused by a CrowdStrike (NASDAQ: CRWD ) update earlier this month, the cybersecurity company is facing major risks on multiple fronts. Moreover, the valuation of CrowdStrike stock remains very high.
Until recently, CrowdStrike (NASDAQ: CRWD ) was one of the most successful cybersecurity stocks in the world. The stock was rising to new heights due to the success of its Falcon endpoint security solution.
Airlines stocks and the broader industry were rocked back on July 19 by the CrowdStrike (NASDAQ: CRWD ) outage that brought computer systems across the world to a grinding halt. For one, this outage underscored just how reliant the world's transportation systems are on a single company's cybersecurity systems.
NEW YORK, NY / ACCESSWIRE / July 30, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of CrowdStrike Holdings, Inc. ("CrowdStrike") (NASDAQ:CRWD) concerning possible violations of federal securities laws. The morning of July 19, 2024, a software outage caused massive disruptions across numerous businesses, including banks, airlines, TV stations, healthcare providers, and hotels.
Understanding the fundamentals of companies is crucial when evaluating stocks to buy. These stocks remain undervalued and are industry leaders with strong growth potential, positioning them to significantly drive the market higher post-earnings season.