Arab Today, arab today watchdog begins probe into computer failures at banks
Last Updated : GMT 06:19:16
Arab Today, arab today
Arab Today, arab today

Watchdog begins probe into computer failures at banks

Arab Today, arab today

Arab Today, arab today Watchdog begins probe into computer failures at banks

Seoul - Yonhap

Computer networks at major South Korean banks broke down simultaneously on Wednesday, prompting the financial watchdog to launch an investigation to determine the cause and raise its crisis alert level by one notch. According to bank officials and the Financial Supervisory Service (FSS), Shinhan Bank, the flagship unit of the country\'s No. 3 banking group Shinhan Financial Group Co., experienced interruption in its electronic transaction system around 2 p.m., including Internet banking, smartphone banking and use of automated teller machines.

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