CrowdStrike denies responsibility for Delta Air Lines' extended IT outage, arguing that the airline mismanaged the situation and contributed to a misleading narrative about the incident.
CrowdStrike
Breaking News
The shareholders also noted that CrowdStrike's share price fell more than 30% in the days following the global tech outage.
Delta Air Lines CEO Ed Bastian announced that a recent IT outage caused by a faulty CrowdStrike software update resulted in a $500 million loss for the airline and over 4,000 canceled flights.
Delta Airlines has hired David Boies, prominent attorney and chair of law firm Boies Schiller Flexner, in order to seek damages from CrowdStrike and Microsoft after an outage this month that caused millions of computers to crash, including those in airports.
Airlines were the hardest hit companies, $0.86 billion in total due to the outage.
The firm said the testing program used to validate security updates missed "problematic content."
Five days after a global tech outage caused by CrowdStrike, Delta Air Lines is still struggling to recover as it reported over 6,000 flights canceled recently and an estimated financial impact of $163 million.
The global tech outage affected about 8.5 million Windows-based computers and laptops worldwide.
More than 2,000 flights in the US were canceled by Sunday evening following the tech outage.
A previously undisclosed hacking campaign against military targets in Israel and Europe is probably backed by a country that misused security-testing software t
CrowdStrike, a cybersecurity company backed by private equity, said it had evidence that linked the Russian government to cyber espionage campaigns on numerous Asian, European and American companies, Reuters reported.
CrowdStrike scored USD 30 million in its Series B round.
