Banks Around World Are Suffering Big Outages: Millions Of Customers In Lurch At Worst Possible Time

A systemic meltdown has shaken the financial world this week as dozens of banks started to suffer repeated outages all around the globe. Just this week, banks’ system was down in seven countries across five continents, leaving tens of millions of customers extremely frustrated. In the US, thousands of customers reported outages in the Bank of America app on October 1st, right when rent, utilities, and other bills are often due. Many of them revealed that even after the system was allegedly restored, some operations weren’t working, which left them late on several bills and forced them to pay credit card interest. But despite the major inconvenience, things could be a lot worse. For instance, in New Zealand, now in its seventh week of nationwide lockdown, millions were left without access to their money as banking services were down at a time all local branches were closed. One of the country’s largest lenders, Kiwibank, faced a major outage on Tuesday after a DDoS attack on New Zealand’s third-largest Intern