Tech outage hits 911, hospitals, banks and exchanges: LIVE Updates
Technology firm CrowdStrike is taking responsibility for the global outage impacting Microsoft users, airlines, hospitals, banks and exchanges among other businesses. FOX Business is providing real-time updates on the situation and the markets.
Coverage for this event has ended.
CrowdStrike shares fell over 11% after the company disclosed that it is responsible for a global outage taking airlines, 911 services, hospitals and others offline. The disruption continued Friday with many corporations slowly coming back online.
Here's what to know about the security provider.
And should you buy the stock on the dip?
The memes were fast and furious after a security update by CrowdStrike knocked just about every industry offline in what is being considered the biggest global IT outage to date. Late Friday, CEO George Kurtz shared a letter he sent to customers in which he promises to share a complete analysis of what went wrong.
Tesla CEO Elon Musk bemoaned the global IT outage caused by an update from CrowdStrike saying it "gave a seizure to the automotive supply chain" in response to an update from Microsoft CEO Satya Nadella.
United Airlines employees wait by a departures monitor displaying a blue error screen after a worldwide tech outage caused by an update to CrowdStrike's software which crashed Microsoft Windows systems, in Newark, New Jersey, on July 19, 2024. (Reuters)
CrowdStrike Holdings Inc., the company linked to a global outage that affected airlines, emergency services and various businesses from banks to hospitals, is an American cybersecurity technology company based out of Austin, Texas.
The company describes itself as a global cybersecurity leader that's "redefined security with the world’s most advanced cloud-native platform that protects and enables the people, processes and technologies that drive modern enterprise," according to its website.
MICROSOFT TO FOX:
“Earlier today, a CrowdStrike update was responsible for bringing down a number of IT systems globally. We are actively supporting customers to assist in their recovery.”
The came after the software giant disclosed that the outage is tied to an update with its 365 product and a fix has been rolled out.
Some banks and brokers have reported intermittent processing issues tied to the global outage, sources telling FOX Business.
| Symbol | Price | Change | %Change |
|---|---|---|---|
| BAC | $43.33 | 0.32 | 0.74 |
| JPM | $211.83 | 1.85 | 0.88 |
| C | $65.65 | 0.76 | 1.17 |
| WFC | $59.48 | 0.24 | 0.41 |
United Airlines aircraft at San Francisco International Airport in California (Reuters)
Delta Air Lines, American Airlines and United Airlines said that their flight operations had been impacted by the outage. Sun Country and Frontier also said their operations were also affected.
| Symbol | Price | Change | %Change |
|---|---|---|---|
| DAL | $44.43 | -0.49 | -1.09 |
| AAL | $10.54 | -0.09 | -0.80 |
| UAL | $45.75 | -0.64 | -1.38 |
Hospitals, 911, airlines, banks and other businesses were thrown offline after a global tech outage hit multiple industries.
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