The action of Crowdstrike, blamed for the computer outage, fell 17% in trading preceding the opening of Wall Street


Ouagadougou: The action of the American cybersecurity group CrowdStrike, implicated in the global IT outage, fell by almost 17% on Friday around 10:00 GMT in electronic trading preceding the opening of the New York Stock Exchange. A computer outage paralyzes many Businesses around the world: airlines, airports, banks, media and hospitals have reported disruptions.

According to Oleg Gorokhovsky, founder of the Ukrainian online bank Monobank, the outage is ‘linked to an interaction between the Crowdstrike antivirus and Windows’, a service from the American technology giant Microsoft.

Microsoft shares lost around 2.5% around 10:00 GMT, in trading preceding the opening of Wall Street.

Actual trading of shares on the New York Stock Exchange takes place from 1:30 p.m. GMT to 8:00 p.m. GMT, but investors can position themselves in companies via derivatives between trading sessions.

The global outage is linked to a ‘faulty update’ of a tool from manufacturer CrowdStrike, according to Berlin.

Crowdstike relies he
avily on artificial intelligence (AI) and machine learning and notably offers a digital protection platform called Falcon.

Its market capitalization, which corresponds to the total amount of its shares available on the stock markets, amounts to 83 billion dollars.

Source: Burkina Information Agency