Shares of cybersecurity firm CrowdStrike closed with a big drop on Friday. The drop was recorded after a global online outage caused by an update. Businesses around the world were affected by this technical glitch. CrowdStrike makes software to help companies manage their security. Its shares opened with a decline of more than 14% on Friday and closed down by about 11%.
The company's shares also declined in some of the earlier trading sessions. On Friday, the company's shares were seen falling by up to 19% in the pre-opening of the US market. In the last five days, the company's shares have fallen by 17.92%. However, if we talk about the last 12 months, CrowdStrike's shares have shown tremendous strength. The company's shares have jumped by 118% in the last one year.
After the global outage on Friday, CrowdStrike CEO George Kurtz said that the problem was caused by a "glitch in an update for Windows Host". He clarified that it was not a cyber attack and it was identified and fixed. Along with CrowdStrike, Microsoft's Azure cloud services and Microsoft 365 suite of apps were also affected. After that Microsoft shares closed with a decline of 0.76% in the US stock market.
The world's pace came to a halt due to the Microsoft-CrowdStrike server down.
On Friday, the world's pace came to a sudden halt after a technical fault in CrowdStrike and Microsoft servers. This IT crash became the biggest IT crisis in recent years. Experts are also calling it a pandemic of the digital world. The downing of Microsoft servers affected airlines, banks, TV channels, and financial institutions around the world. According to media reports, due to this IT crisis, about 3 percent i.e. 4295 flights were canceled worldwide. Out of these 1100 flights were cancelled in the US alone. More than 1700 flights were delayed. Due to this, heavy crowds were seen at airports across the world and passengers also created a ruckus at many places. Due to the downing of Microsoft servers, 95 percent of computers and laptops running on Microsoft's operating system across the world came to a standstill.
Microsoft said most cloud services have been restored.
Microsoft also said on Friday that most of its cloud services have been restored. It is not yet clear whether this outage is related to the CrowdStrike update or not. The global outage on Friday has made it clear how seriously a single-point global outage can affect the supply chain and cause turmoil globally.
Sheikh Hasina, who left the country and the post of Prime Minister on August 5, is currently in I
The last few times have been very difficult for actress Samantha Ruth Prabhu. After her divorce f
Bollywood actress Mamta Kulkarni has today resigned from the post of Mahamandaleshwar of Kinnar A
INLD supremo Om Prakash Chautala wanted to form a third front in national politics. Chautala, alo
For some time now, the film industry and celebs have been in the news more for threats than for f
IND vs AUS: Jasprit Bumrah benefited from Mohammed Siraj's trick; Kangaroo team was stunned
It is very difficult for a match to take place between India and Australia and nothing unusual ha
In the match played at Arun Jaitley Stadium, Sunrisers Hyderabad defeated Kolkata Knight Riders b
As per the pre-announced program of emergency warning system and rescue and relief operations, mo
Delhi NCR Weather: Rain increases the chill in Delhi-NCR; IMD issues a yellow alert for today.
Amidst the biting cold, several areas of Delhi-NCR are experiencing rain, which has completely ch
Vikrant Massey is one of the most talented actors in Bollywood. He has played many types of roles
