CrowdStrike is an American enterprise offering cybersecurity solutions founded in 2011, with headquarters located in Austin, Texas. The firm has expanded rapidly since its establishment by providing a variety of security services through cloud-based software platforms. It counts among its backers major investors from Silicon Valley and currently employs thousands worldwide, claiming to protect a significant portion of Fortune 1000 companies on their official website.
The company's value has soared over the years, reaching approximately $83 billion according to market assessments at one point last week, although it experienced declines in its stock price during subsequent trading sessions. CrowdStrike offers a suite of products designed to fend off cyber threats but also engages in investigative services following significant data breaches.
Historically, CrowdStrike has played roles in high-profile investigations, such as the examination of the Democratic National Committee's server intrusion and an assessment of a notable incident at Sony Pictures linked to North Korean activity. The firm found itself in the spotlight during these events due to its findings influencing political outcomes.
An unexpected disruption occurred following an update released by CrowdStrike on their flagship platform, Falcon. This software update, aimed at enhancing system performance and security, unintentionally introduced a fault that led to widespread computer system failures across various platforms globally. The company's CEO, George Kurtz, acknowledged the error in an apology on Twitter, attributing it to incorrect code implementation within their systems.
Despite CrowdStrike resolving its immediate issues and restoring services, another unrelated disruption affected Microsoft Azure cloud services concurrently, leading to further complications during that period. Kurtz indicated to NBC's "Today" show that full system recovery from the incident may take some time.
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