A judge has dismissed a lawsuit against CrowdStrike related to an outage that affected the company's services. The plaintiffs, who were investors, claimed that the outage was a result of fraudulent actions by CrowdStrike, but the court found no evidence to support the allegation of intent to deceive. This ruling means that CrowdStrike will not face legal repercussions for the incident, which impacted its stock value at the time. The decision is significant for the company and its investors as it clears the way for CrowdStrike to focus on its operations without the distraction of legal battles. For investors, the outcome reinforces the importance of clear evidence when pursuing claims against a publicly traded company.
Articles tagged "CrowdStrike"
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Infosecurity Magazine
CrowdStrike has issued a warning about Warp Panda, a cyber-espionage group linked to China, which is actively targeting North American organizations to steal sensitive data. This campaign aims to advance Beijing's strategic interests, highlighting the ongoing threat posed by state-sponsored cyber activities.
CrowdStrike has confirmed the termination of an insider who shared sensitive information with cybercriminals, leading to false claims of a system breach. This incident highlights the risks posed by insider threats and the importance of safeguarding sensitive data against unauthorized access.
Research from CrowdStrike indicates that the DeepSeek-R1 AI model generates insecure code when prompted with politically sensitive topics such as Tibet or Uyghurs. This raises significant concerns about the security implications of using AI in sensitive contexts, potentially leading to increased vulnerabilities in software development.
Toto Wolff, the Team Principal of Mercedes F1, has sold a 15% stake in the team to George Kurtz, the CEO of CrowdStrike. This transaction highlights the ongoing partnership between CrowdStrike and the Mercedes F1 team, which began in 2019, indicating a strengthening of ties between cybersecurity and motorsport.