Australian banks hit by website outages

Several Australian banks – including the Commonwealth Bank of Australia, Westpac Banking Corp, and Australia and New Zealand Banking Group - experienced website outages on Thursday.

The downtime has been linked to an issue with Akamai Technologies’ content delivery network (CDN).

The company’s associated banking apps were also unavailable.

The Australian postal service - Australia Post - was also impacted alongside Virgin Australia, the country’s second largest airline.

The news comes just a week after a customer triggered software bug at US-based cloud company Fastly caused high profile website outages for Amazon, Reddit, and PayPal.

In 2019, analyst house Gartner estimated the average cost of downtime for established businesses at $5,600 per minute, which equates to more than $300,000 an hour.

    Share Story:

Recent Stories

Meet Evelyn, your Economic Sanctions/PEP/Adverse Media Alert Adjudication Analyst
Meet Evelyn, an Economic Sanctions/PEP/Adverse Media Alert Adjudication Analyst, who uses native AI/ML capabilities to automate the Customer/PEP screening and Negative News screening alert adjudication processes for leading BFS organizations with greater speed, accuracy, and consistency than human analysts.

New Business Frontiers
FStech’s Mark Evans discusses the future of financial services with Liu Jianning of Huawei, covering the limitations that current thinking can impose, how financial institutions can embrace technology to be both agile and resilient, and making space for the organisation to focus on the job of creating innovative business models and on delivering business value for their customers.

The Future of Intelligent Finance
FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.