SKN | Europe’s Financial Regulators Question Google Over Cloud Outage That Disrupted Banks
Market News & Breaking Updates European financial regulators are questioning Google following a cloud computing outage that left millions of bank customers unable to access key financial services for several hours. The incident has placed renewed attention on the operational risks created by financial institutions’ growing dependence on major cloud providers. Google Cloud Outage Triggers Regulatory Scrutiny The disruption occurred on Tuesday after a power event affected a London-based Google Cloud network, according to the report. The outage lasted several hours and affected access to financial services used by bank customers, highlighting how disruptions at technology infrastructure providers can quickly extend beyond individual companies. The European Banking Authority said it had contacted Google Cloud to obtain further information about the incident. The regulator is […]