What does Crowdstrike have to do with Microsoft Windows PCs crashing worldwide?

Microsoft Windows PCs at airports, banks, health services, IT companies, and news outlets worldwide are crashing and showing the infamous Blue Screen of Death, causing machines to either shut down or restart automatically.

While some attribute the crashes to the ongoing Microsoft cloud service outage, the Blue Screen of Death is likely caused by a recent CrowdStrike Falcon update, a cybersecurity solution used by corporations, government agencies worldwide and media houses like Sky News, which was unable to broadcast for a while.