Recently, CrowdStrike has been in the news due to a significant software update that inadvertently caused widespread disruptions across various sectors, including airlines, healthcare, and banking. The incident led to Delta Air Lines canceling over 5,000 flights, prompting the airline to consider legal action against CrowdStrike and Microsoft for the fallout. The company attributed the chaos to a bug in its quality-assurance tool, which allowed flawed data to be released to customers. This has raised concerns among shareholders about the reliability of CrowdStrike's technology.
CrowdStrike Holdings, Inc., founded in 2011 and based in Sunnyvale, California, is a prominent cybersecurity technology company. It specializes in endpoint security, threat intelligence, and cyberattack response services. The firm gained recognition for its role in investigating high-profile cyber incidents, including the 2016 Democratic National Committee hack. CrowdStrike's cloud-native platform leverages artificial intelligence to detect and respond to threats, positioning it as a leader in the cybersecurity landscape.