What’s happening with CrowdStrike stock today? – CrowdStrike Holdings (NASDAQ:CRWD)

CrowdStrike Holdings, Inc. CRWD The company’s shares will trade higher on Friday.

A senior associate at CrowdStrike’s operations team is reportedly set to appear before Congress to answer questions about the company’s global IT outage in July that disrupted industries around the world, Bloomberg reports.

In a statement, the House Homeland Security Committee said Adam Meyers, senior vice president for counteradversary operations, will testify at a subcommittee hearing on Sept. 24.

The report notes that the committee invited CrowdStrike CEO George Kurtz in July, but it is unclear why he is not expected to testify at the hearing.

Also read: CrowdStrike blames test software bug for disabling 8.5M Windows PCs worldwide, says new validation process in the works

The committee has previously invited company executives to testify about cyber incidents that have had a significant impact on U.S. businesses. The CrowdStrike outage on July 19 disrupted air travel, banking systems and other global businesses.

Representative Andrew Garbarino, a Republican from New York and chairman of the Subcommittee on Cybersecurity and Infrastructure Protection, said the hearing will examine the measures CrowdStrike has implemented to prevent an incident like this from happening again, according to the report.

Since then, the company has made extensive changes to its processes for testing and deploying content updates.

“While the outage was not caused by a threat actor, we know that our adversaries and opportunistic criminals are watching this closely,” Garbarino said in the alert. “They have learned how a flawed software update can cause cascading effects across our critical infrastructure,” according to Bloomberg.

Price action: CRWD shares were up 1.85% to $276.70, as of last check on Friday.

Photo via Shutterstock

Read more: