AWS outage reveals vulnerability in cloud-based online banking platforms, says GlobalData

Following the news that US tech giant Amazon Web Services (AWS) experienced server trouble, affecting a wide range of apps including Lloyds Bank and its subsidiaries; Jonathan Vaughan Burleigh, Associate Analyst, Banking and Payments at GlobalData, publishers of RBI, says: “The early months of 2025 saw a plethora of UK high street banks including Barclays and HSBC affected by IT failures resulting from overcapacity in legacy infrastructure, disrupting payments and everyday banking activity for hundreds of ...