The big global outage caused by an upgrade that affected businesses worldwide caused the shares of cybersecurity firm CrowdStrike to plummet on Friday.
The company’s stock fell 15% in U.S. premarket trading. The company produces software to assist businesses in managing their security in IT settings.
In response to the event on Friday morning, George Kurtz, CEO of CrowdStrike, stated that “a defect found in a single content update for Windows hosts” was the source of the problems.
“A cyberattack or security incident is not what this is. Kurts stated in a post on the social media site X that the problem had been located, isolated, and fixed.
In premarket trade, Microsoft, which also disclosed problems with its Azure cloud services and Microsoft 365 suite of apps, dropped 1.8%.
Source (CNBC)
