CrowdStrike shares plunge 20% in pre-market trading after IT outage
The Hindu
Cybersecurity group CrowdStrike linked to massive IT outage affecting companies and airports worldwide, impacting Microsoft shares.
Shares in the cybersecurity group CrowdStrike were down some 20% in pre-market trading on Wall Street on July 19 amid suggestions it was involved in a massive IT outage hitting companies and airports worldwide.
According to Oleg Gorokhovsky, founder of the Ukrainian online bank Monobank, the outage resulted from "an interaction between the CrowdStrike antivirus" software and the Windows operating system of U.S. tech giant Microsoft, whose shares were down around three percent in pre-market trading.
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