Reported about 22 hours ago
An outage at Amazon Web Services' northern Virginia data center on October 20, 2025, caused significant disruptions for banks and fintech companies, including Navy Federal, Truist, and Chime. The incident highlighted the financial sector's reliance on centralized cloud services and raised concerns over concentration risk, as customer reports indicated various service failures. Experts warned of potential fallout related to payment disputes and emphasized the need for businesses to reassess their disaster recovery strategies in light of the event.
Source: YAHOO