Although online banking is gaining in popularity, the number of outages customers have to deal with continues to increase. For once, the banks themselves were not to blame for today’s outage, as the problem was caused by BT, the largest ISP in the region. A major technical fault is to blame for the incident, although things were resolved around midday.
In this day and age, consumers and businesses are relying on
the Internet for just about anything we do these days. Checking emails, connecting to the world, or even accessing financial services, the Internet plays a key role in all of it. But when the Internet is not available for whatever reason, things take a turn for the worse rather quickly.UK customers of any banking institutions may have experienced serious online banking issues throughout the day. As it turns out,
British Telecom has been the cause of this problem, as they suffered from a major technical glitch. Albeit they solved everything by noon, issues like these should never be possible in the first place.
Among the affected institutions were customers of Barclays, Nationwide, HSBC, Natwest, and Santander, among other banks. For once, none of these institutions could do anything about the matter, as ISP downtime is outside of their control. Customer support representatives had their hands full responding to these complaints.
BT explained the issue as a power cut at one of their data centers. To make matters even worse, that particular data center is also used by the London Stock Exchange. For BT, this outage could not come at a worse time, as they were sanctioned for their failed investment in fiber connections.
Image credit 1
If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.
The crypto market is finally back in full swing and is abuzz with rising price…
Taking a look at the crypto market today, there's a lot of coin influx and…
In the ever-evolving landscape of technology, some companies rise above the noise, not just for…
In the ever-evolving world of cryptocurrencies, the concept of cryptocurrency trading bots has attracted a…
Dogecoin20 Launches on CoinMarketCap: Investors Flock to BlockDAG Following X1 Mobile Mining App Announcement in…
Do you know about BEFE? This relatively nascent coin is now the talk of the…