Posts by tag: cybersecurity

CrowdStrike Shares Nosedive Following Major IT Outage, Disrupting Global Businesses

CrowdStrike's shares took a nosedive, falling 15%, after an IT outage caused by a defective content update, impacting businesses globally. Although it wasn’t a cyberattack, the incident caused significant disruptions, including grounded planes and paused television broadcasts. Microsoft was also affected, reporting issues with its Azure cloud services and Microsoft 365 suite.