Company Directory - CrowdStrike
Company Details - CrowdStrike
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CrowdStrike
WebsiteCrowdStrike is a global cybersecurity technology company specializing in endpoint security, threat intelligence, and cyberattack response services.
CCI Score
CCI Score: CrowdStrike
-32.34
0.02%
Latest Event
Record Federal Lobbying Spending Amid Outage Scrutiny
Following a global IT outage that affected millions and cost billions, CrowdStrike has come under intense scrutiny and has raised alarms by significantly ramping up its federal lobbying spending. In 2023, the company spent $620,000 on lobbying—nearly a 90% increase from the previous year—raising questions about its strategy to shape policy and avoid accountability.
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TOADIE
CrowdStrike is currently rated as a Toadie.
Latest Events
- OCT092024
Following a global IT outage that affected millions and cost billions, CrowdStrike has come under intense scrutiny and has raised alarms by significantly ramping up its federal lobbying spending. In 2023, the company spent $620,000 on lobbying—nearly a 90% increase from the previous year—raising questions about its strategy to shape policy and avoid accountability.
-60
Political Contributions and Lobbying Efforts
March 29
CrowdStrike’s record increase in federal lobbying spending, occurring in the wake of a highly disruptive global IT outage, suggests an effort to exert undue influence over policy decisions. This behavior raises concerns about corporate attempts to sidestep accountability and potentially bolster environments that undermine democratic oversight, aligning with practices that can support authoritarian power structures.
- AUG202024
CrowdStrike has engaged DLA Piper to manage policies and proposals in response to Congressional scrutiny following a significant outage in July that affected airlines and businesses, which has led to threats of a $500 million lawsuit from Delta Air Lines and a request for the CEO to testify before the House Homeland Security Committee.
-60
Political Contributions and Lobbying Efforts
March 29
By hiring DLA Piper to shape policies and proposals amidst a regulatory and legal challenge following a costly outage, CrowdStrike is engaging in political lobbying that can be seen as an attempt to influence Congressional response and avoid accountability. This kind of corporate political maneuvering is concerning from an anti-authoritarian perspective as it prioritizes corporate interests over transparent and responsive governance.
- JUL192024
On July 19, 2024, a routine update to CrowdStrike’s Falcon software unexpectedly triggered a global IT outage, leading to widespread operational disruption, financial losses, and regulatory scrutiny. The incident revealed critical weaknesses in the company’s risk management and testing protocols, prompting calls for enhanced cybersecurity oversight and contractual safeguards across the industry.
-35
Business Practices and Ethical Responsibility
March 29
The incident underscores a lapse in business practices and ethical responsibility, as a routine update was deployed without sufficient risk assessments or adequate testing protocols. This failure contributed to extensive disruption and financial losses among client businesses, reflecting poorly on the company’s commitment to safeguarding stakeholder interests.
CrowdStrike Incident: Regulatory Implications and Lessons Learned
-40
Technology and Services Impact
March 29
The faulty update of CrowdStrike’s Falcon software precipitated a massive technological failure, affecting millions of devices worldwide. This event highlights significant deficiencies in the company’s technological risk management and service reliability, raising serious concerns about the impact of their products in critical infrastructure sectors.
CrowdStrike Incident: Regulatory Implications and Lessons Learned
- JUL192024
On July 19, 2024, a major global computer outage severely impacted CrowdStrike, resulting in significant financial losses and lawsuits. Analysis suggests that the firm's aggressive lobbying and the phenomenon of regulatory capture have contributed to its dominant position in the cybersecurity market, raising concerns over accountability and calls for stricter industry regulations.
-40
Executive Political Engagement
March 29
CrowdStrike's use of aggressive lobbying tactics, as noted in the article, indicates executive political engagement that reinforces a close alignment with regulatory bodies. This behavior supports an environment favoring corporate interests over public accountability, aligning with concerns about authoritarian influences in policymaking.
-50
Regulatory Capture
March 29
The article underscores the role of regulatory capture, where expert relationships and lobbying favor industry incumbents like CrowdStrike. This dynamic has fostered a centralized cybersecurity market in which accountability is diminished, thereby supporting practices that can align with authoritarian regulatory frameworks.
- JUL012024
Last July, CrowdStrike deployed a faulty kernel-level update that triggered the Blue Screen of Death on millions of Windows devices, impacting critical services across sectors such as banking, airlines, and media. IT administrators were forced to physically intervene to restore systems, prompting concerns over the company’s quality control and operational responsibility.
- JAN312024
CrowdStrike released a comprehensive Modern Slavery Statement detailing its zero-tolerance policy on modern slavery, human trafficking, and forced labor. The statement outlines the company's supply chain risk assessment, due diligence measures, and commitment to ethical labor practices across its operations and business partners.
+80
Supply Chain Ethics
March 29
The statement details rigorous supply chain due diligence and clear guidelines to mitigate risks of modern slavery and forced labor. CrowdStrike’s proactive approach in vetting suppliers and enforcing ethical standards demonstrates a strong commitment to supply chain ethics.
+70
Labor Relations and Human Rights Practices
March 29
CrowdStrike emphasizes a zero-tolerance policy toward modern slavery and forced labor and commits to robust training and ethical labor practices. The clear articulation of these policies reinforces its responsibility to protect workers' rights.
- JAN012024
An OpenSecrets profile indicates that CrowdStrike spent $800,000 on lobbying during the 2024 cycle and that 11 out of 14 of its lobbyists in 2023 and 2024 had previously held government positions, raising concerns about potential conflicts of interest and undue corporate influence over public policy.
-40
Political Contributions and Lobbying Efforts
March 29
CrowdStrike’s reported $800,000 lobbying expenditure in 2024 signals a significant effort to influence political processes, contributing to concerns over corporate interference in democratic governance.
-40
Executive Political Engagement
March 29
The revolving door phenomenon, evidenced by 11 out of 14 lobbyists having previously held government positions, suggests a high risk of regulatory capture and conflicts of interest in CrowdStrike’s political engagement.
- DEC312023
CrowdStrike spent $160,000 on federal lobbying during 2023, according to OpenSecrets data. The financial outlay reflects corporate political engagement that could influence policy outcomes and raises concerns about the potential for corporate interference in democratic processes.
-30
Political Contributions and Lobbying Efforts
March 29
The reported $160,000 spent on lobbying in 2023 indicates an active effort by CrowdStrike to influence policy. From an anti-authoritarian perspective, corporate lobbying—even at moderate levels—can undermine democratic accountability by prioritizing corporate interests over public welfare. This activity, though not extremely high in dollar terms, still signals reliance on political influence that may contribute to a broader environment favorable to authoritarian practices.
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