this post was submitted on 07 Nov 2023
192 points (97.5% liked)
Technology
59398 readers
3070 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
This is the best summary I could come up with:
Outages at two banks that stopped 2.5 million payment transactions were sparked by a technical issue with the datacenter's cooling system, according to the Monetary Authority of Singapore (MAS) on Monday.
In fact, according to minister Alvin Tan in a parliamentary reply, the outages led to 810,000 failed attempts to access the two platforms while 2.5 million payment and ATM transactions could not be completed.
Equinix has reportedly blamed a contractor, alleging that person "incorrectly sent a signal to close the valves from the chilled water buffer tanks" during a planned system upgrade.
As a result, the MAS has slapped DBS with some hefty punishments โ including barring it over the next six months from reducing the size of its branch and ATM network, making any non-essential IT changes, or acquiring new business ventures.
Singapore-based Acronis CISO Kevin Reed told The Register it was surprising the cooling system was not redundant, as were the banks failed backup plans.
In a LinkedIn post, Reed called it "odd" that such a core system like the handling of authentication for an online bank would be managed by a third-party provider.
The original article contains 558 words, the summary contains 187 words. Saved 66%. I'm a bot and I'm open source!