- A CrowdStrike Inc. (NDAQ:CRWD) cybersecurity software glitch caused tech outages that scrambled operations across the world on Friday
- In an update on its website, the company stated it was caused by a “defect found in a single content update for Windows hosts”
- Millions of companies were affected by the outage across several industries, including airlines, banking and media during the global tech outage
- CrowdStrike Inc. opened trading at US$294.51 at per share
A CrowdStrike (NDAQ:CRWD) cybersecurity software glitch caused tech outages that scrambled operations across the world on Friday.
In an update on its website, the company stated it was caused by a “defect found in a single content update for Windows hosts.”
CrowdStrike stock fell more than 10 per cent in early trading, building on its pre-market declines once the news broke and computers came back online, though the damage had already been done.
Millions of companies around the globe were affected by the outage across several industries, including airlines, banking and media during the outage.
Toronto Pearson International Airport alerted customers on its website that “A global IT outage is causing tech disruptions to some airlines. Flight delays and cancellations may occur.”
Airports and airlines across Europe and Asia also reported problems with their systems and delays.
Microsoft (NDAQ:MSFT) reported that the issue affected Microsoft 365 apps and services, but the residual impact of cybersecurity outages are continuing to affect some customers.
In the U.K., the Sky News morning broadcast went off the air, causing the news outlet to scramble to fix the problem.
“This is not a security incident or cyberattack,” CrowdStrike’s CEO, George Kurtz, wrote in an X post Friday morning. “The issue has been identified, isolated and a fix has been deployed.”
CrowdStrike Holdings Inc. is one of the most popular cybersecurity companies with more than 20,000 subscription customers across the globe. The company boasts more than half of Fortune 500 companies used its Falcon platform, which is designed for cybersecurity consolidation, purpose-built to stop breaches.
CrowdStrike Holdings Inc. (NDAQ:CRWD) opened trading at US$294.51 at per share.
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(Top image: CrowdStrike Inc.)
