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General Discussion >> General Board >> Banking system in meltdown! Right now! http://www.ozpolitic.com/forum/YaBB.pl?num=1721384649 Message started by Daves2017 on Jul 19th, 2024 at 8:24pm |
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Title: Banking system in meltdown! Right now! Post by Daves2017 on Jul 19th, 2024 at 8:24pm Federal government calls snap crisis meeting amid massive global IT outage |
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Title: Re: Banking system in meltdown! Right now! Post by Bobby. on Jul 19th, 2024 at 9:48pm |
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Title: Re: Banking system in meltdown! Right now! Post by Sophia on Jul 19th, 2024 at 10:01pm
All ATMs down, businesses shut, and airports in disarray!
Cash will always be king! What is crowd strike? Anyway, the warning came years ago about this type of peril putting the world on standby mode! https://www.abc.net.au/news/2024-07-19/global-it-outage-crowdstrike-microsoft-banks-airlines-australia/104119960 |
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Title: Re: Banking system in meltdown! Right now! Post by Sophia on Jul 19th, 2024 at 10:11pm
I looked it up what this crowdstrike is…
https://en.wikipedia.org/wiki/CrowdStrike My next question… what’s with the cloud problem now? Is that like where our photos are? |
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Title: Re: Banking system in meltdown! Right now! Post by Sophia on Jul 19th, 2024 at 10:18pm
BTW….. where is everyone tonight? :-?
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Title: Re: Banking system in meltdown! Right now! Post by Sophia on Jul 19th, 2024 at 11:07pm
Just rubbing it in…
EB0DEBD2-535C-4F58-8983-A68D78267F36.jpeg (120 KB | 16
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Title: Re: Banking system in meltdown! Right now! Post by Bobby. on Jul 19th, 2024 at 11:12pm
Good post Sophia.
It's ridiculous - one person makes one mistake with a line of code on the other side of the world and brings down the whole world. https://edition.cnn.com/business/live-news/global-outage-intl-hnk/index.html 52 min ago Microsoft says the underlying cause for the global outage has been fixed but impacts continue From CNN’s Maisie Linford Microsoft said the “underlying cause” that caused the global outage “has been fixed,” adding that residual impact is still affecting some services. “The underlying cause has been fixed, however, residual impact is continuing to affect some Microsoft 365 apps and services,” Microsoft said in a post on X Friday. “We’re conducting additional mitigations to provide relief,” the post added. More on what’s behind this: The outage appears to stem at least partly from a software update issued by firm CrowdStrike, experts tell CNN. The CEO of CrowdStrike said that the IT issue causing a global outage has been identified and that a fix has been deployed. |
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Title: Re: Banking system in meltdown! Right now! Post by Sophia on Jul 19th, 2024 at 11:24pm
Just rubbing it in more… I did put this pic up earlier like… couple months ago….
It’s all starting to come to fruition …. F6C613B7-7139-4325-96B0-52A630E65FDE.jpeg (137 KB | 15
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Title: Re: Banking system in meltdown! Right now! Post by Bobby. on Jul 19th, 2024 at 11:31pm Sophia wrote on Jul 19th, 2024 at 11:24pm:
It's difficult to get large amounts of cash now. Even the banks tell you to use their ATMs. I get $100 from the supermarket as cash out - that's possible and I don't have to trust a machine. About 20 years ago an ATM ripped me off - it debited my account for $300 and gave me no money. I complained and when the bank did a check of the total at the end of the day they said it was correct and wouldn't pay me. I lost my $300 - there was nothing I could do about it. |
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Title: Re: Banking system in meltdown! Right now! Post by Jovial Monk on Jul 20th, 2024 at 8:59am Bobby. wrote on Jul 19th, 2024 at 11:31pm:
Garbage! The machine sends a laser through the notes just before dispensing them to make sure the total is correct, so if there were no notes the machine would know the amount was incorrect and drop the (nonexistent) notes into a holding container. You lie a lot, don’t you? |
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Title: Re: Banking system in meltdown! Right now! Post by Aquarius on Jul 20th, 2024 at 9:03am I rarely use cash these days. My branch closed down during the pandemic and we all swapped over to internet banking. But I did go to an ATM yesterday to get cash for my DIL's birthday. I never give presents except to the kids. This was just an hour or so before the outage. So I missed it all and when I got home my computer was working as usual and no problems with the internet. I actually didn't know about the global outage until I switched on the news at 5pm. |
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Title: Re: Banking system in meltdown! Right now! Post by Bobby. on Jul 20th, 2024 at 10:22am Jovial Monk wrote on Jul 20th, 2024 at 8:59am:
No lies - I got ripped off for $300 by an ATM. |
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Title: Re: Banking system in meltdown! Right now! Post by Jovial Monk on Jul 20th, 2024 at 10:55am
No, you did not.
Why do you lie so much? |
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Title: Re: Banking system in meltdown! Right now! Post by Bobby. on Jul 20th, 2024 at 11:08am
dear Moderators,
Monk is following me around and trolling me. :( |
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Title: Re: Banking system in meltdown! Right now! Post by Bias_2012 on Jul 20th, 2024 at 11:26am Bobby. wrote on Jul 19th, 2024 at 11:31pm:
The ATM obviously ran out of cash, but if you'd checked your statement, your balance was probably the same as it was before you tried to withdraw the $300 It happened to me and the my bank showed me straight away that the figures hadn't changed |
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Title: Re: Banking system in meltdown! Right now! Post by Bobby. on Jul 20th, 2024 at 11:29am Bias_2012 wrote on Jul 20th, 2024 at 11:26am:
No - I checked my bank statement - I was debited for $300. No cash popped out. |
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Title: Re: Banking system in meltdown! Right now! Post by Bias_2012 on Jul 20th, 2024 at 12:03pm
You should have gone to the police, banks are just another business, they're not the Almighty
At my bank, a female teller phoned me at home once, she was trying some sort of scam on an older guy with money. She called a good while later with some young teenage chick chiming in as well. I caught on, and I "politely" told them not to call again. I knew who she was and I think she was conning me up so she could act as my financial adviser, taking over my financial affairs, and you know what that means |
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Title: Re: Banking system in meltdown! Right now! Post by Sophia on Jul 20th, 2024 at 1:32pm Bias_2012 wrote on Jul 20th, 2024 at 12:03pm:
Or maybe an ombudsman to investigate … |
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Title: Re: Banking system in meltdown! Right now! Post by Gnads on Jul 20th, 2024 at 6:18pm Bobby. wrote on Jul 20th, 2024 at 11:08am:
I don't like the Monk but you are wrong. If you do not get the money you have withdrawn from an ATM there are recourses through your Bank ... then if no satisfaction through the Banking Ombudsman. |
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