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☆ CrowdStrike's crisis management strategy holds lessons for all companies
▼ + stars: | 2024-07-25 | by ( Polly Thompson | ) www.businessinsider.com time to read: +6 min

He believed Kurtz deserves credit for quickly engaging the media on Friday, apologizing, and promising solutions — even if social media users say the apology didn't come fast enough. The steps to take in a crisisGood crisis management can be boiled down to a few simple yet crucial steps, the two experts told BI. But as disruption from the CrowdStrike outage slowly lessens, many are still concerned by the in-built potential of technology-reliant systems crashing, bringing down all operations with them. Griffin said his company, which provides crisis management software, is now reviewing its plans and policies to prevent the kind of tech failure CrowdStrike experienced. "The bottom line is that crisis management is not a check the box; it is an evolution and requires continuous training, exercising, and learning to improve, especially as the nature of threats and types of incidents evolve."

Persons: —, CrowdStrike, George Kurtz, Kurtz, Getty, Shawn Henry —, Sean Griffin, Griffin, Peer, it's Organizations: Service, Microsoft, Business, Windows, Madrid, Barajas, Europa Press, Disaster Tech

☆ How CrowdStrike caused a global IT meltdown and what comes next
▼ + stars: | 2024-07-24 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +24 min

But this was not a Microsoft issue. Tom ChittyWe're going to talk more about who CrowdStrike are, I think, you know, some people would probably never have heard of CrowdStrike. Lots and lots and lots of global businesses rely on CrowdStrike for their security. I had first seen that and thought it was a Microsoft issue, the reason why Windows crashed on my PC. It was a CrowdStrike issue.

Persons: Tom Chitty, We'll, I've, Arjun Kharpal, you've, Tom Chitty We're, let's, Arjun Kharpal CrowdStrike, George Kurtz, Kharpal, CrowdStrike, they're, it's, they've, Tom Chitty Well, what's, Arjun Kharpal We'd, Iyou, It's, who've, there's, Ciaran Martin, Patrick Anderson, Arjun, Tom, Tom Chitty We'll Organizations: Microsoft, Industries, CNBC, Netflix, NBC, Sky News, Tom Chitty Airlines, Civil Aviation, CrowdStrike, U.S, Board, U.S . Homeland Security Department, Google, National Cybersecurity Center, Anderson Economic Group, CNN Locations: U.S, beyondthevalley@cnbc.com, CNBC's London, London, Europe, China, Russia, Arjun Kharpal China, Moscow, what's, Michigan

☆ What Is CrowdStrike?
▼ + stars: | 2024-07-19 | by ( Claire Moses | More About Claire Moses | ) www.nytimes.com time to read: +1 min

Until Friday morning, many people had either not heard of — or were not thinking about — CrowdStrike. But as flights were canceled, broadcasters went off air, trains did not run and medical procedures were delayed around the world, its name quickly spread around the internet. CrowdStrike, which was founded in 2011, is a cloud-based cybersecurity platform whose software is used by scores of industries around the world to protect against hackers and outside breaches. “Once CrowdStrike is installed, it actively scans for threats on your machine without having to manually run virus scans,” according to an explanation on the University of Denver’s website, which offers the platform to students and staff. Cybersecurity software like CrowdStrike’s has broad privileges to run across a computer system, including into sensitive areas.

Persons: — Organizations: University of Denver’s

☆ What Happened to ‘Digital Resilience’?
▼ + stars: | 2024-07-19 | by ( David E. Sanger | ) www.nytimes.com time to read: +1 min

In the worst-case scenarios that the Biden administration has quietly simulated over the past year or so, Russian hackers working on behalf of Vladimir V. Putin bring down hospital systems across the United States. In others, China’s military hackers trigger chaos, shutting down water systems and electric grids to distract Americans from an invasion of Taiwan. As it turned out, none of those grim situations caused Friday’s national digital meltdown. Among Washington’s cyberwarriors, the first reaction on Friday morning was relief that this wasn’t a nation-state attack. It is hard to find, even harder to evict from vital computer networks and designed to sow far greater fear and chaos than the country saw on Friday.

Persons: Biden, Vladimir V, Putin, ”, cyberattacks — Organizations: Pentagon, Massachusetts General Hospital, America Locations: United States, Taiwan, China, Massachusetts

☆ Stocks making the biggest moves premarket: Tesla, Netflix, Peloton and more
▼ + stars: | 2023-10-19 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Tesla — Shares of the electric vehicle manufacturer dropped more than 7% after it reported third-quarter earnings results that failed to impress investors. Zscaler — This cybersecurity company was also up nearly 2% in premarket trading, after Jefferies similarly upgraded it on Thursday, citing an improved growth outlook. First Solar — Shares added nearly 2% in premarket trading after JPMorgan upgraded the renewable energy company to overweight. Blackstone — The alternative asset manager fell 3% in premarket trading after Blackstone's third-quarter results came in below expectations. Las Vegas Sands — Shares popped more than 5% after Las Vegas Sands reported third-quarter revenue that topped expectations.

Persons: Goldman Sachs, Jefferies, Aptiv, Curtis Nagle, LSEG . Blackstone, Blackstone, Lam, FactSet, —, Sarah Min, Jesse Pound, Samantha Subin Organizations: LSEG, Netflix, Goldman, JPMorgan, Bank of America, Wall Street, Vegas Sands, Lam Research Locations: LSEG, Vegas, Lam

☆ Stocks making the biggest moves midday: RPT Realty, Mister Car Wash, Boston Scientific, 3M and more
▼ + stars: | 2023-08-28 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

RPT Realty — RPT Realty shares surged 17% after Kimco Realty, an operator of open-air shopping centers, said it would acquire the real estate investment trust in a roughly $2 billion all-stock deal. Mister Car Wash — The car wash stock advanced 6.1% on the back of an upgrade to overweight from neutral by Piper Sandler. Alibaba Group , JD.com — Alibaba and JD.com each added more than 2% after the Chinese government announced measures to boost its stock market, including reducing a tax on trading. Xpeng — Shares of the Chinese electric car company jumped 5.3% after the firm said it is buying Didi's smart electric car development business in an exchange of shares worth $744 million. Meanwhile, Xpeng said it plans to develop an electric car for launch next year under a new mass market brand.

Persons: Conor Flynn, Piper Sandler, — CrowdStrike, Morgan Stanley, —, Xpeng, Wells, Sarah Akers, Micron Technology — Stocks, — CNBC's Alexander Harring, Hakyung Kim, Yun Li, Jesse Pound, Pia Singh, Samantha Subin Organizations: RPT, Realty, Kimco Realty, Boston, Boston Scientific, Bloomberg, 3M, Akero Therapeutics, Therapeutics, UBS, Alibaba, Micron Technology —, Micron Technology, Marvell Technology, Semiconductors Locations: Xpeng

☆ Stocks making the biggest moves after hours: Workday, CrowdStrike, Horizon Therapeutics and more
▼ + stars: | 2022-11-29 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +2 min

Workday — Workday gained 6% postmarket Tuesday after earnings beat Wall Street estimates on both the top- and bottom lines. NetApp reported adjusted earnings per share of $1.48, beating estimates of $1.33. But its revenue of $1.66 billion fell short of the $1.68 billion Wall Street anticipated, per Refinitiv. HP Enterprise — HP Enterprise rose 2.2% after the company beat earnings estimates on the top and bottom lines. Horizon Therapeutics — The biotech shot up 36% after hours after Dow Jones reported that the $18 billion biotech is fielding takeover interest.

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