Latest cybersecurity reporting from selected sources.

Misstatement Claims Tossed in Class-Action Securities Case After CrowdStrike OutageA U.S. district judge tossed most claims from investors accusing CrowdStrike of misrepresenting its software testing rigor before a July 2024 outage. The judge said two statements about federal compliance could plausibly be misleading, but said plaintiffs failed to establish intent or recklessness.

Investors didn't present a valid claim, says judge, but they're welcome to try again A group of CrowdStrike shareholders who sued the company over losses sustained following its 2024 global outage will have to head back to the drawing board if they hope to recoup losses, as a Texas judge has deemed they failed to adequately state a claim.…

Georgia Court Allows Claims of Fraud, Trespass Over Falcon Software UpdateDelta can proceed with its lawsuit against CrowdStrike over a July 2024 update that allegedly bypassed Microsoft safeguards and crashed thousands of systems. The judge found that Delta sufficiently alleged fraud, computer trespass and gross negligence, allowing key claims to move forward.

Also: Iberian Blackout, Delta Faces Lawsuit Linked to CrowdStrike OutageEvery week, ISMG rounds up cybersecurity incidents and breaches around the world. This week: Mirai Botnet Exploits Flaws in GeoVision, the Iberian blackout under investigation, dueling cybersecurity advisories from India and Pakistan, Delta must face a lawsuit linked to CrowdStrike outage.

Vendor Blames Delta's Outage Severity on Its 'Own Response and IT Infrastructure'CrowdStrike has countersued customer Delta Air Lines, accusing the airline of employing a lawsuit and seeking damages in "a desperate attempt to shift blame" for Delta's own IT inadequacies having exacerbated its outage, unlike "other major airlines" that quickly resumed operations.

'We Don't Know How It's All Going to Shake Out,' Says CFO, 6 Weeks Post-OutageCybersecurity firm CrowdStrike has yet to see any lawsuits get filed against it by customers, following its July 19 faulty software update crashing systems worldwide. Does that speak to the company having run a well-executed crisis management strategy?

Following the July 19 outages caused by a bad update, the cybersecurity firm faces shareholder lawsuits and pressure to pay damages for at least one major customer, by Delta Airlines. Will software liability follow?

Cybersecurity company CrowdStrike has been sued by investors who say it provided false claims about its Falcon platform after a bad security update led to a massive global IT outage causing the stock price to tumble almost 38%. [...]

That horse has not just bolted, it's trampled all over kernel space CrowdStrike, after suggesting canary testing as a way to ensure it avoids future blunders leading to global computer outages, has been sued in federal court by investors for not using a phased approach in rolling out updates to customers in the first place.…