🇯🇵 ATMs Down at 128 Japanese Credit Unions
A system failure hit 128 shinkin banks (credit unions) across western Japan on Friday, Nov 6, around 1:30 p.m. local time.
🔹 ATMs, branch counters and online banking were disrupted, affecting about 3,430 branches
🔹 Officials say it was a communications equipment failure, not a cyberattack
🔹 Eastern Japan was not affected, and some services were restored later the same day
🔹 The incident shows the risk of many banks sharing one central system
Do you think banks rely too much on centralized systems? 👇
#Japan #Banking #Finance #WorldNews #Fintech
Source: Bloomberg, Jiji Press
$BTC
A system failure hit 128 shinkin banks (credit unions) across western Japan on Friday, Nov 6, around 1:30 p.m. local time.
🔹 ATMs, branch counters and online banking were disrupted, affecting about 3,430 branches
🔹 Officials say it was a communications equipment failure, not a cyberattack
🔹 Eastern Japan was not affected, and some services were restored later the same day
🔹 The incident shows the risk of many banks sharing one central system
Do you think banks rely too much on centralized systems? 👇
#Japan #Banking #Finance #WorldNews #Fintech
Source: Bloomberg, Jiji Press
$BTC
