Cybersecurity

Global IT Failure Puts Cyber Firm CrowdStrike in Spotlight

Glitch caused global fallout after crashing Microsoft systems
CrowdStrike is a top provider of corporate protection software

WATCH: Microsoft says the underlying cause of the global IT outage has been fixed while CrowdStrike also said the fault had been identified and a fix deployed.Source: Bloomberg

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By Jordan Robertson and Shona Ghosh

July 19, 2024 at 8:18 AM EDT

Updated on

July 19, 2024 at 4:34 PM EDT

This article is for subscribers only.

Behind a massive IT failure that grounded flights, upended markets and disrupted corporations around the world is one cybersecurity company: CrowdStrike Holdings Inc.

Known as a dominant supplier of software that protects businesses from ransomware attacks, CrowdStrike was thrust into the spotlight on Friday as it struggled to fix a faulty patch that led to cascading, system-wide failures, paralyzing the operations of clients ranging from banks to global retail giants to health-care systems.