Science & Tech · Big Tech & Internet · 17 hrs ago
System failure disrupts 128 Japanese credit unions for about six hours
On November 6, a shared banking system failed at 128 credit unions in areas of Japan west of Tokai.
The disruption began at 1:27 p.m.
and stopped services including deposits, loans and transfers, as well as some counter and ATM transactions.
The system was restored about six hours later, at 7:05 p.m.
Its operator said equipment failure caused the outage, not a cyberattack.
The system is shared by credit unions to reduce the costs of developing and running their own banking systems.
It handles core financial services for 236 of Japan's 254 credit unions, so a failure can affect many institutions at once.
The system is back in operation, and no further steps were stated.
A system failure disrupted services at 128 Japanese credit unions for about six hours on November 6.
Customers could not use services including deposits, loans and transfers, and some branch and ATM transactions were unavailable.
The outage began at 1:27 p.m. and service was restored at 7:05 p.m. that day.
The operator said the cause was equipment failure, not a cyberattack.
- Who
- 128 credit unions in areas west of Tokai were affected.
- What
- A failure in the Shinkin Joint System disrupted financial services, including deposits, loans and transfers.
- When
- November 6, from 1:27 p.m. until service was restored at 7:05 p.m.
- Where
- At credit unions in areas west of Tokai, including the Tokai and Hokuriku regions and areas farther west.
- Why
- The operator said system equipment failed and said the outage was not caused by a cyberattack.
This story does not have two clearly opposing sides.
A failure began in the Shinkin Joint System, affecting 128 credit unions.
Service was restored, about six hours after the outage began.
- Affected credit unions
- 128
- Outage began
- November 6 at 1:27 p.m.
- Service restored
- November 6 at 7:05 p.m.
- Cause stated by operator
- System equipment failure
- System users
- 236 of Japan’s 254 credit unions
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What people are saying
system equipment failure
not caused by a cyberattack