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System failure at financial institution: 1.2 million money transfers delayed!

The financial institution "JP Post Bank" announced that a system failure caused a delay in 1.2 million money transfers and that the delay was not caused by a "cyberattack."

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System failure at financial institution: 1.2 million money transfers delayed!

It has been reported that in Japan, a system failure at the "JP Post Bank" institution has caused delays in 1.2 million money transfers.

According to a statement from the financial institution "JP Post Bank", the system failure at the bank resulted in delays for 1.2 million money transfers.

It was reported that the system failure, which began at 08:40 local time, lasted until before midnight.

While it was stated that no evidence of a "cyberattack" has been found, the bank apologized to customers who experienced issues with money transfers due to the failure.

The statement said, "Japan Post Bank will assess the impact of the issue and do our utmost to respond to our customers' losses."

"JP Post Bank" caused issues for its customers last October when its online banking system temporarily crashed.

As of March 2023, "JP Post Bank" has 23 thousand branches and more than 30 thousand bank ATMs across the country.


News Source: AA

Japan JP Post Bank finance Economy