CrowdStrike shares plunge 20pc in pre-market trading after IT outage

TechnologyBusiness & Finance
19 Jul 2024 • 6:56 PM MYT
Malay Mail
Malay Mail

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PARIS, July 19 — Shares in the cybersecurity group CrowdStrike were down some 20 per cent in pre-market trading on Wall Street today 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 US tech giant Microsoft, whose shares were down around three percent in pre-market trading. — AFP