What's Going On With CrowdStrike Stock Today?

CrowdStrike Holdings, Inc. CRWD shares are trading higher on Friday.

A senior associate of the CrowdStrike operations team will reportedly appear before Congress to respond to queries about the company’s global IT outage in July, which disrupted industries worldwide, reported Bloomberg.

In an advisory, the House Homeland Security Committee said Adam Meyers, senior vice president of counter-adversary operations, will attest in a subcommittee hearing on September 24.

The report noted that the committee had invited CrowdStrike CEO George Kurtz in July, but it’s not immediately clear why he is not scheduled to testify at the hearing.

Also Read: CrowdStrike Blames Error With Test Software For Taking Down 8.5M Windows Computers Globally, Says A New Check Process Is In The Works

The committee has previously invited company executives to testify about cyber incidents with significant impacts on American businesses. The CrowdStrike outage on July 19 disrupted air travel, banking systems, and other global businesses.

Representative Andrew Garbarino, a New York Republican and chairman of the Subcommittee on Cybersecurity and Infrastructure Protection, stated that the hearing will review the measures CrowdStrike has implemented to prevent a recurrence of the incident, per the report.

Since then, the company has introduced extensive changes to its processes for testing and deploying content updates.

“While the outage was not due to a threat actor, we know our adversaries and opportunistic criminals have been watching closely,” said Garbarino in the advisory. “They have learned how a faulty software update can trigger cascading effects on our critical infrastructure,” per the Bloomberg report.

Price Action: CRWD shares are trading higher by 1.85% to $276.70 at last check Friday.

Photo via Shutterstock

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