CrowdStrike outage News

CrowdStrike Falls After Disappointing Earnings Outlook

CrowdStrike Holdings Inc. issued a weaker-than-expected earnings forecast, disappointing investors who have been watching for signs that the cybersecurity company has recovered from a flawed update that crashed computers around the world. Adjusted earnings will be 84 cents to 86 …

Delta Sues CrowdStrike Over ‘Catastrophic’ Software Glitch

Delta Air Lines Inc. sued cybersecurity firm CrowdStrike Holdings Inc. over the chaos caused this summer by a “catastrophic” software update that disabled millions of computers worldwide and grounded much of the airline’s passenger fleet. The update crippled Delta’s operations …

Viewpoint: CrowdStrike Failure Highlights Potential Aggregation Risks for Reinsurers

The unique, evolving and often volatile nature of cyber risks has always lurked beneath the surface as the cyber insurance premium climbed in recent years. The recent CrowdStrike software failure underscored the dormant threats posed by aggregation risk, and the …

CrowdStrike VP Set to Testify to Congress on IT Outage

A senior member of CrowdStrike Holdings Inc.’s operations team is scheduled to appear before Congress to answer questions on the company’s global IT outage in July that disrupted industries around the world. In an advisory published on Friday, the House …

Microsoft, Cyber Firms to Meet on Fixes After CrowdStrike Crash

Microsoft Corp. is planning a meeting next month with cybersecurity companies that operate at the core of its Windows systems to discuss ways in which they can keep last month’s worldwide computer crash from happening again. Cyber companies — including …

Delta Passengers Sue Airline for Refusing Refunds After Massive Computer Outage

Delta Air Lines was sued by passengers who complained that the carrier refused to offer full refunds after delaying or canceling their flights in the wake of last month’s massive computer outage. The proposed class action was made public on …

Microsoft and Delta Trade Blame Over Crowdstrike Outage

Microsoft Corp. said Delta Air Lines Inc. turned down repeated offers for assistance following last month’s catastrophic system outage, echoing claims by CrowdStrike Holdings Inc. in an increasingly contentious conflict between the carrier and its technology partners. Microsoft employees reached …

CrowdStrike Rejects Delta Air Lines Claims Over Flight Woes

CrowdStrike on Sunday rejected a claim by Delta Air Lines that it should be blamed for flight disruptions following a July 19 global outage sparked by a faulty update, and suggested it had minimal potential liability. Delta CEO Ed Bastian …

Guy Carpenter: ‘Kitty Cat’ CrowdStrike Outage to Cause $300M-$1B in Insured Losses

Due to the limited amount of impacted companies with insurance and the deployment of a quick fix to mitigate losses, Guy Carpenter said the insured losses from the CrowdStrike outage is likely between $300 million and $1 billion. The leading …

CrowdStrike Is Sued by Shareholders Over Huge Software Outage

CrowdStrike has been sued by shareholders who said the cybersecurity company defrauded them by concealing how its inadequate software testing could cause the July 19 global outage that crashed more than 8 million computers. In a proposed class action filed …