American cybersecurity company CrowdStrike became a household name for all the wrong reasons on Friday (19 July), after a botched software update caused havoc around the world. The company’s stock fell more than 11% on Friday after an outage disrupted operations across multiple industries – shutting down public services, halting flights and forcing some broadcasters off the air.
CrowdStrike – which previously reached a market cap of about $83 billion – is among the most popular cybersecurity providers in the world, with close to 30,000 subscribers globally. The…