Pulse of Truth

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Cyber Security news and links to cyber security stories that could make you go hmmm. The content is exactly as it is consumed through RSS feeds and wont be edited (except for the occasional encoding errors).

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Sources detail the nearly 10-hour-long tech meltdown of the European Central Bank's main payment system on February 27 due to a piece of malfunctioning hardware (Reuters) (www.techmeme.com)

submitted 5 months ago by lemmydev2 to c/pulse_of_truth

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Reuters: Sources detail the nearly 10-hour-long tech meltdown of the European Central Bank's main payment system on February 27 due to a piece of malfunctioning hardware — The European Central Bank's payments crash last week meant salaries and welfare funds were delayed for thousands of people.

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[–] ryannathans@aussie.zone 3 points 5 months ago* (last edited 5 months ago) (1 children)

So the ECB systems went down due to one faulty computer and backups didn't work? Makes you wonder what they're doing with all that money

[–] Onomatopoeia@lemmy.cafe 3 points 5 months ago (1 children)

Having worked for a few banks in the US, it's staggering ro me this could happen with a critical system.

What we do with non-critical (but production-impacting) systems would prevent this kind of failure.

Granted I can't speak for all banks, just the financial companies I've worked with.

[–] ryannathans@aussie.zone 2 points 5 months ago

Same here but I don't work in banking