British bank HSBC Holdings PLC said it had successfully repelled a cyberattack on Friday, although clients trying to access their accounts suffered disruption.
“HSBC UK Internet banking was attacked this morning. We successfully defended our systems,” HSBC UK tweeted.
The bank has 17 million personal and business clients in Britain, but did not say how many were affected.
HSBC UK chief operating officer John Hackett said: “HSBC’s Internet and mobile services have partially recovered and we continue to work to restore a full service.”
The disruption came on payday for many Britons and just days ahead of today’s deadline for self-employed individuals to pay tax.
HSBC said it would waive fees incurred by clients as a result of the incident.
A spokesman identified it as a “denial of service attack,” which slows down or disables a network by flooding it with communication requests.
Users attempting to access the bank online were met with a message saying: “Sorry, there appears to be a system problem. Please try again later.”
Many clients took to Twitter to vent their frustration at the problems in accessing their accounts.
“I was planning to do something this weekend, but I have zero clue how much money I have to play with due to @HSBC_UK_Help online banking down,” Jeston Westmoreland wrote.
British banks have been hurt by a string of outages, some attributed to obsolete software and others to malicious activity by hackers, prompting lawmakers to call for more spending on technology and closer supervision of computer systems by board members.
TECH PARTNERSHIP: The deal with Arizona-based Amkor would provide TSMC with advanced packing and test capacities, a requirement to serve US customers Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is collaborating with Amkor Technology Inc to provide local advanced packaging and test capacities in Arizona to address customer requirements for geographical flexibility in chip manufacturing. As part of the agreement, TSMC, the world’s biggest contract chipmaker, would contract turnkey advanced packaging and test services from Amkor at their planned facility in Peoria, Arizona, a joint statement released yesterday said. TSMC would leverage these services to support its customers, particularly those using TSMC’s advanced wafer fabrication facilities in Phoenix, Arizona, it said. The companies would jointly define the specific packaging technologies, such as TSMC’s Integrated
An Indian factory producing iPhone components resumed work yesterday after a fire that halted production — the third blaze to disrupt Apple Inc’s local supply chain since the start of last year. Local industrial behemoth Tata Group’s plant in Tamil Nadu, which was shut down by the unexplained fire on Saturday, is a key linchpin of Apple’s nascent supply chain in the country. A spokesperson for subsidiary Tata Electronics Pvt yesterday said that the company would restart work in “many areas of the facility today.” “We’ve been working diligently since Saturday to support our team and to identify the cause of the fire,”
China’s economic planning agency yesterday outlined details of measures aimed at boosting the economy, but refrained from major spending initiatives. The piecemeal nature of the plans announced yesterday appeared to disappoint investors who were hoping for bolder moves, and the Shanghai Composite Index gave up a 10 percent initial gain as markets reopened after a weeklong holiday to end 4.59 percent higher, while Hong Kong’s Hang Seng Index dived 9.41 percent. Chinese National Development and Reform Commission Chairman Zheng Shanjie (鄭珊潔) said the government would frontload 100 billion yuan (US$14.2 billion) in spending from the government’s budget for next year in addition
Sales RecORD: Hon Hai’s consolidated sales rose by about 20 percent last quarter, while Largan, another Apple supplier, saw quarterly sales increase by 17 percent IPhone assembler Hon Hai Precision Industry Co (鴻海精密) on Saturday reported its highest-ever quarterly sales for the third quarter on the back of solid global demand for artificial intelligence (AI) servers. Hon Hai, also known as Foxconn Technology Group (富士康科技集團) globally, said it posted NT$1.85 trillion (US$57.93 billion) in consolidated sales in the July-to-September quarter, up 19.46 percent from the previous quarter and up 20.15 percent from a year earlier. The figure beat the previous third-quarter high of NT$1.74 trillion recorded in 2022, company data showed. Due to rising demand for AI, Hon Hai said its cloud and networking division enjoyed strong sales
RSS