The award for ‘most epic fail’ goes to this $50 billion-plus company
CrowdStrike faced significant fallout after a software update caused a global IT outage affecting airlines, banks, and essential services. Despite a valuation drop from $83 billion to under $60 billion, the company’s president, Michael Sentonas, accepted the ‘Most Epic Fail’ award at the Pwnie Awards, emphasizing accountability and commitment to improvement.
Seems that ssecurity software CrowdStrike is not shying away from the widespread IT havoc that its software update caused worldwide. At recent security conference Defcon, CrowdStrike showed an unusual approach to accepting the ‘mistake’. The company’s president, Michael Sentonas boldly accepted the “Most Epic Fail” award at the Pwnie Awards, held on the sidelines of the conference.
Just to refresh a bit of memory, on July 19 some of the biggest airlines, banks and other essential services in many parts of the world came to a standstill as a massive outage rippled across the globe. The outage, which has brought the Blue Screen of Death upon thousands of Windows machines across the globe, is linked to one software company: CrowdStrike. As of July 19, CrowdStrike’s valuation was upwards of $83 billion; it has come down to just under $60 billion post the outage.
Coming back to the awards, the unexpected win came on the heels of a high-profile presence at Black Hat, where CrowdStrike had a major booth and distributed free merchandise. The company’s message to attendees, according to a spokesperson, was one of gratitude and appreciation for the community.
Coming back to the awards, the unexpected win came on the heels of a high-profile presence at Black Hat, where CrowdStrike had a major booth and distributed free merchandise. The company’s message to attendees, according to a spokesperson, was one of gratitude and appreciation for the community.
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