The cyber security company at the centre of a massive outage, which crippled operations at major companies around the world, could lose billions of dollars as shares plunge in pre-market trade.
Billions of dollars has been"wiped off" cyber security company CrowdStrike within hours of a global outage. Picture: Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images "To put that in perspective, Santos, one of Australia’s largest oil and gas companies, is worth about $US12 billion."
Airlines, including Jetstar, experienced flight delays due to the global outage. Picture: NCA NewsWire / Luis Enrique Ascui "One small thing goes wrong and suddenly you can't check in to your flight, you can't buy food at Woolworths, you can't broadcast from TV." "As a society, we rely on these basic fundamental systems to work - so when they break down, its a huge concern," Boyd added.