CrowdStrike Fixes Global IT Outage, Stock Down 20% Pre-Market

Jul 19, 2024, 10:26 AM

CrowdStrike Holdings Inc. experienced a global IT outage due to a defect found in a single content update for Windows hosts. The company's CEO, George Kurtz, confirmed that the outage was not a result of a security incident or cyberattack. A fix has been deployed, but affected machines will need to be manually recovered by uninstalling the faulty update. The outage impacted various sectors, including airports, banks, and media organizations. CrowdStrike's stock is down 20% pre-market following the incident.