So this is what it feels like to enter a world of financial anxiety due to AI-enabled attacks against banks. No idea as to what caused the service outage, but I've felt like it's just a matter of time before AI was used to try to breach a financial institution, which just so happens to hold a lot of my money.
Revolut Business is also down, which does business banking including payment terminals & online subscription processing, so this is going to disable quite a few businesses, in addition to normal consumer payment flows.
They've been expanding hard across Europe recently, this might dent people's confidence in these new fangled neobanks a bit...
From their last filings, they have 70+ million individual customers, 850k business customers. Highest in the UK: about 13 million, so nearly 20% of the population. Ouch.
Google Cloud outage: https://status.cloud.google.com/index.html#status-table
Revolut uses Google Cloud: https://cloud.google.com/customers/revolut
So this is what it feels like to enter a world of financial anxiety due to AI-enabled attacks against banks. No idea as to what caused the service outage, but I've felt like it's just a matter of time before AI was used to try to breach a financial institution, which just so happens to hold a lot of my money.
Revolut Business is also down, which does business banking including payment terminals & online subscription processing, so this is going to disable quite a few businesses, in addition to normal consumer payment flows.
They've been expanding hard across Europe recently, this might dent people's confidence in these new fangled neobanks a bit...
From their last filings, they have 70+ million individual customers, 850k business customers. Highest in the UK: about 13 million, so nearly 20% of the population. Ouch.
I confirm, first down for me after 4 years of usage. Got little scared at first that I had my account blocked...
Their status page is now updated, but it got them some while. This looks pretty major.
https://www.revolut.com/en-US/system-status/
That’s the first time a service goes down that hard?