Internet malfunctions in a series of technical malfunctions occurred on Friday, July 19. Major stock markets, airports, airlines, banks, hospitals, television networks and many other companies around the world are facing the same problem due to the IT system crashing completely or partially. . The turmoil came as global economic operations relied heavily on information technology.
CrowdStrike — an American cybersecurity technology firm that provides cloud workload protection, threat intelligence and cyberattack response services — said the outage is not a due to a cyber attack; it was caused by a software issue that has been identified and a fix had been deployed.


A wave of IT outages swept across the globe Friday morning, causing over 1,000 flight cancelations and stalling internal and external systems across a variety of industries including hospitals, banks, stock exchanges and other institutions, as some Microsoft-based computers ceased to work.
“CrowdStrike is actively working with customers impacted by a defect found in a single content update for Windows hosts. Mac and Linux hosts are not impacted,” Kurtz said earlier Friday.
“We refer customers to the support portal for the latest updates and will continue to provide complete and continuous updates on our website. We further recommend organizations ensure they’re communicating with CrowdStrike representatives through official channels. Our team is fully mobilized to ensure the security and stability of CrowdStrike customers,” Kurtz said.

Over 1,000 flights have been canceled in the U.S. after American Airlines, United and Delta asked the FAA for global ground stop on all flights, according to an alert from the FAA on Friday morning.
The airlines with the highest rate of cancellations and delays so far are Delta and American. Delta has 331 cancellations and 194 delays. In its most recent update, Delta said that it has resumed some flight departures.
The stock price of CrowdStrike plummeted in early trading on Friday amid a global IT outage that has affected clients worldwide. Shares fell nearly 15% on Friday morning, dropping the price to its lowest level since May.