CrowdStrike Shares Trim Heavy Losses As Microsoft Announces Resolution Of Global Tech Outage: 'This Is Clearly A Major Black Eye'

Benzinga · 20:53

U.S. cybersecurity firmCrowdstrike Holdings Inc.(NASDAQ:CRWD) is attempting to recover sharp premarket losses felt overnight and in the early hours on Friday as an update on its cloud software triggered a global tech outage.

What Happened:A failed update of CrowdStrike's Falcon platform on Thursday night led to widespread disruptions in Microsoft systems, pushing critical global services such as airports, ports, financial institutions and hospitals to a standstill. The issue stemmed from a technical error in the software update, ruling out initial speculation of a hacker attack.

George Kurtz, president and CEO of CrowdStrike, stated on...

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CrowdStrike Shares Trim Heavy Losses As Microsoft Announces Resolution Of Global Tech Outage: 'This Is Clearly A Major Black Eye'

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