Shares of CrowdStrike fell more than 4 per cent in premarket trading on Tuesday after a report Delta Air Lines will seek compensation from the cybersecurity firm over the recent global IT outage that crippled industries including airlines.
FILE PHOTO: Delta employees are seen near luggage, as people wait to retrieve their luggage after long delays following cyber outages affecting airlines at Hartsfield-Jackson Atlanta International Airport in Atlanta, Georgia, U.S., July 22, 2024. REUTERS/Megan Varner/File Photo
CrowdStrike's"Falcon Sensor" software had caused Microsoft Windows to crash and display a blue screen, known informally as the"Blue Screen of Death".CrowdStrike's stock, which had more than doubled in 2023, has fallen over 24 per cent since the outage, leading to a loss of over $20 billion in market valuation.
"Nearly everyone agreed that they expect some form of monetary relief, such as discounts, service revenue credits, or free products," the brokerage said in a note on Tuesday, adding that feedbacks from clients suggest that CrowdStrike was already discussing this with its customers.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CrowdStrike shares set to extend losses as outage effects lingerShares of CrowdStrike fell 5 per cent in premarket trading on Monday, extending their streak of losses, after several analysts downgraded the stock on concerns over the financial fallout from the global cyber outage last week.
Read more »
CrowdStrike says over 97% of Windows sensors back onlineMore than 97 per cent of Windows sensors are back online, CrowdStrike's CEO George Kurtz said on Thursday, nearly a week after a software update by the cybersecurity firm triggered a global outage.
Read more »
Insured losses from massive CrowdStrike outage could reach $2bA software bug that corrupted an automated update crashed computers globally.
Read more »
Bug in quality control process led to botched update that caused global tech outage: CrowdStrikeThe extent of the damage from the botched update is still being assessed.
Read more »
CrowdStrike says bug in quality control process led to botched updateThe extent of the damage from the botched update is still being assessed.
Read more »
Malaysia asks Microsoft, CrowdStrike to consider covering losses from global outageKUALA LUMPUR: Malaysia's digital minister said on Wednesday (Jul 24) he has asked global tech firms Microsoft and CrowdStrike to consider compensating companies that suffered losses during last week's
Read more »