19 July 2024
Major disruptions to payments systems as a result of the CrowdStrike outage have not occurred and are not anticipated.
Impacts on banks and payments systems have been relatively minor, with any disruptions having already been remedied or in the process of being gradually restored.
Banks will continue to monitor for any further impacts to services.
People should also remain vigilant to the risks of scams at this time and refer to their bank’s website or social media channels for the latest information.
UPDATED ALERT FROM THE AUSTRALIAN SIGNALS DIRECTORATE:
ASD’s (Australian Signals Directorate) ACSC (Australian Cyber Security Centre) understand a number of malicious websites and unofficial code are being released claiming to help entities recover from the widespread outages caused by the CrowdStrike technical incident.
ASD’s ACSC strongly encourages all consumers to source their technical information and updates from official CrowdStrike sources only.
Latest news
Australian banks are rolling out disaster support to customers affected by the current bushfires in Victoria. ABA CEO Simon Birmingham said banks were continuing to monitor the evolving situation across Victoria and are on standby to assist impacted customers. “This is an extremely challenging time for many Victorian communities, households and businesses,” Mr Birmingham said. “There are now special arrangements in place for those who may need additional financial assistance from their bank in the coming days, weeks and months. “Banks have highly… Read more »
Banks stand ready to support customers in north and north-west Queensland currently experiencing heavy rainfall and flooding. ABA CEO Simon Birmingham said customers didn’t have to tough it out on their own with banks on standby to assist communities get through this challenging time. “Banks recognise the significant financial and emotional toll an extreme weather… Read more »
The ABA acknowledges the release of the 2025-26 Mid-Year Economic and Fiscal Outlook. The Government’s forecasted $8.4 billion reduction in the deficit over the forward estimates including a $5.4 billion reduction for year’s deficit is welcome. Lower deficits and claimed savings of $20 billion over the next four years is a beginning towards ensuring our national finances are on a more sustainable footing. While this Budget update contains lower forecasts of spending as a share of GDP, the ABA notes the importance of ongoing spending restraint to help reduce inflationary and interest rate pressures. Banks… Read more »