CrowdStrike shares fall more than 13% as global IT outage grounds flights, cuts off 911 access

George Kurtz News

CrowdStrike shares fall more than 13% as global IT outage grounds flights, cuts off 911 access
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Businesses around the globe came to a halt on Friday, after an error caused by cybersecurity firm CrowdStrike took down computer systems.

attributed to “a defect found in a single content update for Microsoft Windows hosts,” hit everything from airlines to grocery store chains to emergency services systems in Alaska.

Today, CrowdStrike become a household name, but not in a good way. While the disruption will take time to settle down, it will not change the positive long-term view of CrowdStrike or cybersecurity sector," Wedbush analyst Dan Ives wrote in a note to clients Friday."In a nutshell, this is PR nightmare for CrowdStrike and Microsoft and others get caught in this tornado along with millions of people currently stranded at airports around the globe," he added.

"We're deeply sorry for the impact we've caused to customers, to travelers, to anyone impacted by this including out company," Kurtz said during an interview onCrowdStrike is actively working with customers impacted by a defect found in a single content update for Windows hosts. Mac and Linux hosts are not impacted. This is not a security incident or cyberattack. The issue has been identified, isolated and a fix has been deployed.

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