Banking and healthcare firms, major airlines expected to suffer most losses, according to insurer Parametrix
CrowdStrike (NASDAQ: CRWD ) stock is slipping on Wednesday after the cybersecurity company identified the bug that caused the Windows outage last week. According to CrowdStrike, the problem had to do with the company's Rapid Response Content update that was sent out on Friday.
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NEW YORK, NY / ACCESSWIRE / July 24, 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.
CrowdStrike CRWD -1.49%decrease; red down pointing triangle, the cybersecurity company that upended computer systems across the world last week, said it had identified the bug that led to outages for millions of Microsoft Windows users.
NEW YORK, NY / ACCESSWIRE / July 24, 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.
Several analysts maintained their Buy ratings on the cybersecurity company's shares, but cut their targets for the price.
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CrowdStrike says a glitch in test software led to last week's massive IT outage. The cybersecurity company released a report Wednesday (July 24), five days after a crash affected 8.5 million Windows machines around the world, leading to chaos at banks, airports and hospitals.
Cybersecurity firm CrowdStrike Holdings Inc (NASDAQ:CRWD) has published a preliminary post-incident review (PIR) detailing the events that led up to a global IT outage that knocked millions of Microsoft Windows computer systems offline on Friday, 19 July. According to CrowdStrike, a content update containing an undetected error was inadvertently pushed through its systems.
A CrowdStrike software update that crashed computers globally last week hitting services from aviation to banking and healthcare was caused by a bug in the U.S. cybersecurity firm's quality control mechanism, the company said on Wednesday.
U.S. Fortune 500 companies, excluding Microsoft , will face $5.4 billion in financial losses from the recent CrowdStrike outage, insurer Parametrix said on Wednesday.