CrowdStrike Blames Error With Test Software For Taking Down 8.5M Windows Computers Globally, Says A New Check Process Is In The Works
Portfolio Pulse from Benzinga Neuro
CrowdStrike Holdings Inc. (NASDAQ:CRWD) disclosed that a flawed security update caused a global outage affecting 8.5 million Windows computers. The issue originated from the Falcon platform's Rapid Response Content. CrowdStrike has reverted the defective update and is working on enhancing its testing processes. Microsoft Corp (NASDAQ:MSFT) was also impacted, with its Windows users experiencing the outage. Analysts predict potential costs over $1 billion and possible lawsuits.
July 24, 2024 | 12:28 pm
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NEGATIVE IMPACT
CrowdStrike's flawed security update caused a global outage affecting 8.5 million Windows computers. The company is working on improving its testing processes and has reverted the defective update. Analysts predict potential costs over $1 billion and possible lawsuits.
The global outage caused by CrowdStrike's flawed update has significant implications, including potential costs over $1 billion and possible lawsuits. This negative news is likely to impact CrowdStrike's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Microsoft's Windows users were affected by CrowdStrike's flawed security update, causing a global outage. Although Microsoft was not directly responsible, the incident impacted its users and may have reputational implications.
While Microsoft was not directly responsible for the outage, its Windows users were affected. This could have reputational implications and may slightly impact Microsoft's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70