CrowdStrike’s stock looks vulnerable but companies with a similar business model may also be affected
It takes malicious adversaries an average of 62 minutes to bring your business down, warns the CrowdStrike website. In the event, the cyber security company trusted to protect 29,000 clients from hackers managed to bring down a huge chunk of global enterprise itself. The culprit appears to be a single faulty content update that it pushed on its Falcon Sensor product to Microsoft users worldwide.
Other companies, operating on a similar business model, may also be affected. Clients will be alive to the risk of outsourcing such mission-critical functions to third parties — especially ones that can automatically push updates on to client systems. One result may well be the expansion of internal IT teams. Another should be seeking a greater range of suppliers across software and other security applications.
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