It wasn’t a cyberattack that caused major outages for businesses all over the world.
Instead, it was just an update from cybersecurity firm, CrowdStrike (SYM: CRWD) that lead to the chaos. In fact, as noted by TheVerge.com:
“Thousands of Windows machines are experiencing a Blue Screen of Death (BSOD) issue at boot today, impacting banks, airlines, TV broadcasters, supermarkets, and many more businesses worldwide. A faulty update from cybersecurity provider CrowdStrike is knocking affected PCs and servers offline, forcing them into a recovery boot loop so machines can’t start properly. The issue is not being caused by Microsoft but by third-party CrowdStrike software that’s widely used by many businesses worldwide for managing the security of Windows PCs and servers.”
As a result, CRWD shares slipped from about $380 to $290.
However, now that the situation has been identified with a deployed fix, it looks like the latest crisis may be an opportunity for the CRWD stock.
