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.

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