Today’s news / Security stock plummets after flawed update
The cybersecurity company Crowdstrike saw a sharp drop on the New York Stock Exchange on Friday, after an update of an antivirus program caused problems. (Archive photo). Photo: Haven Daley/Ritzau Scanpix

Security stock plummets after flawed update

Crowdstrike, a software company providing antivirus solutions worldwide, saw its stock fall sharply after a faulty update caused Windows computers globally to crash. On Friday evening, as the New York stock market closed, Crowdstrike’s shares dropped by 11.1% to a value of 304.96 dollars. Anticipation of this decline was evident before the New York stock exchange opened, with premarket trading indicating a 13 percent decline from Thursday. Crowdstrike, also known for its cyber-security services, had revealed in 2014 evidence linking North Korean actors to a hacking incident at Sony Pictures over the film ‘The Interview’. Additionally, Microsoft’s shares went down by 0.7% to 437.09 dollars at market close, as the maker of the affected Windows operating system.