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Current Banking issues

  • 25-06-2012 9:21am
    #1
    Registered Users Posts: 2,532 ✭✭✭


    Just going to throw this one out there.

    Could the current issues being experienced by RBS be malicious. Could this be the first bank targeted in this way ?


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Comments

  • Closed Accounts Posts: 12,455 ✭✭✭✭Monty Burnz


    A2LUE42 wrote: »
    Just going to throw this one out there.

    Could the current issues being experienced by RBS be malicious. Could this be the first bank targeted in this way ?
    There's a very small chance it could be malicious, but it's more likely due to a loss of tacit knowledge due to outsourcing their IT - the IT systems of banks are incredibly complex not because of the work they are required to do but because they typically built systems onto systems going back for 50 years. Making a change to one part can cause something to go wrong in one of the older systems, and if you gave the guy who worked on that old system for 30 years (and who knows it inside out) a golden handshake, then finding and fixing the problem can be a nightmare. A company I used to work in had its main customer billing system running on some 30 or 40 year old DEC system and there were only two guys in the company who understood it. One guy came into work everyday on two crutches, clearly very unhealthy...


  • Closed Accounts Posts: 3,922 ✭✭✭hooradiation


    The systems powering RBS (which I have a little experience with) are an archaic mess.
    Woefully inefficient scripts and batch jobs all stitched together with the coding equivalent of spit and bailing twine. There's a reason people working on these systems earn $Texas.
    Shit is complex and requires a very definite and hard to come by set of skills.

    The were slowly upgrading and replacing the systems when I was involved, but each rollout of a new system usually fell on it's arse at least once as some piece of esoteric knowledge was missing.
    I wouldn't be surprised that something similar happened here.


  • Registered Users Posts: 6,696 ✭✭✭Jonny7


    A2LUE42 wrote: »
    Just going to throw this one out there.

    Could the current issues being experienced by RBS be malicious. Could this be the first bank targeted in this way ?

    I wouldn't think so, it hit them quite hard and caused significant embarrassment. They already pulled their first shift ever on a Sunday to try and clear what must be a huge backlog.

    I just don't see anything they could have gained from such an incident. Working in finance myself I would not be surprised to see heads roll over this, these are considered very serious events.


  • Registered Users Posts: 8,237 ✭✭✭Sonics2k


    Nothing malicious, just lazy IT and poor planning.

    Last I heard the Ulster Bank was using an outdated system from the 1980's, and never bothered to upgrade it, they simply added a new patch now and then to update it bit by bit.

    Of course anyone with any knowledge of computer systems and programming will tell you this can only be a short term fix, and will inevitably break the entire system.


  • Registered Users Posts: 9,788 ✭✭✭MrPudding


    I work in another large UK bank and I can wholeheartedly concur with the above. Banks don't like to change things that work, hence we have systems that are ridiculously old, some of them have been out of vendor support for years.

    I have seen first hand what happens when people who wrote bespoke packages are made redundant with no thought to what would happen if something went wrong, or when they don't even know what kit is involved in a particular application. Nightmare.

    Of course, it is clearly more likely to be a massive conspiracy to bring on the new world order...

    MrP


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  • Registered Users Posts: 2,532 ✭✭✭A2LUE42


    You guys are no fun..:D

    It is most likely an issue with someone patching something that they don't know enough about. Happens in a lot of big companies.

    but where is the conspiracy theory in that..


  • Registered Users Posts: 6,696 ✭✭✭Jonny7


    A2LUE42 wrote: »
    You guys are no fun..:D

    It is most likely an issue with someone patching something that they don't know enough about. Happens in a lot of big companies.

    but where is the conspiracy theory in that..

    Well try this..

    Pose the question as to why the "skeptics" round here appear to also work in financial organisations... hhmmmm

    coincidence..

    I think not!


  • Registered Users Posts: 2,532 ✭✭✭A2LUE42


    latest from the Indo

    http://www.independent.ie/business/personal-finance/latest-news/fears-over-safety-at-other-banks-as-aib-nib-hit-by-glitches-3150794.html

    National Irish Bank confirmed that it had a technical problem yesterday that prevented its customers accessing cash.

    And AIB has admitted that a technical glitch meant its systems were down for a number of hours between Thursday night and Friday morning.

    Both banks insisted the problems were minor and were quickly rectified. But IT security specialist Brian Honan, of BH Consulting, said a similar IT meltdown to the one at Ulster Bank was likely at other banks.

    And professor of banking at the UCD Quinn School of Business, Eamonn Walsh, said major computer breakdowns had occurred in banks recently in Australia, Japan, Singapore and South Korea.


  • Registered Users Posts: 3,831 ✭✭✭Torakx


    While in the background they were shredding the night away lol


  • Registered Users Posts: 5,015 ✭✭✭Ludo


    Not a technical glitch or malicious. They are just modifying their system for the collapse off the Euro... But obviously can't just come out and say that ;-)


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  • Registered Users Posts: 1,511 ✭✭✭saywhatyousee


    If there were plans for a cashless society im sure this fiasco has dealt it a major blow


  • Closed Accounts Posts: 12,455 ✭✭✭✭Monty Burnz


    If there were plans for a cashless society im sure this fiasco has dealt it a major blow
    Yes, the global NWO elite appear to have dropped the ball yet again...


  • Closed Accounts Posts: 20,009 ✭✭✭✭Run_to_da_hills


    I would consiter this incident as a small tea party of what's yet in store.

    It would give you quite a good insight on how vulnerable people can under a cashless environment.

    3tuzp.jpg


  • Closed Accounts Posts: 12,455 ✭✭✭✭Monty Burnz


    I would consiter this incident as a small tea party of what's yet in store.

    It would give you quite a good insight on how vulnerable people can under a cashless environment.

    3tuzp.jpg
    Nice of the all-powerful elite NWO to give the public this warning.


  • Registered Users Posts: 9,788 ✭✭✭MrPudding


    If there were plans for a cashless society im sure this fiasco has dealt it a major blow
    How so? The two are not in the least connected. The issue with RBS was related to bank payments and transfers. With respect to that type of transfer there is no going back. Do you think, simply because of this problem, that companies are going to go back to paying employee in cash? Interbank and inter account transfer are cashless and they are going to stay that way.

    With respect to the more commonly held opinion of what "cashless" means, stuff like buying things in shops etc, there was no direct impact. Card transactions were completely unaffected by this problem, unless the person had no money in their account because a transfer was delayed due to the problem. But them in those circumstances the person would not have had access to cash either.

    So I would say no major blow to cashless society, but a major blow to the careers of the change management, development and testing people in RBS.

    MrP


  • Closed Accounts Posts: 20,009 ✭✭✭✭Run_to_da_hills


    Nice of the all-powerful elite NWO to give the public this warning.

    They do like to give us their little hints so as to let us know who is in control. :)


  • Registered Users Posts: 9,788 ✭✭✭MrPudding


    Nice of the all-powerful elite NWO to give the public this warning.
    They are like the bad guys in Bond movies, except less competent.

    MrP


  • Closed Accounts Posts: 12,455 ✭✭✭✭Monty Burnz


    They do like to give us their little hints so as to let us know who is in control. :)
    I'm thinking that only a very few people are getting the same hint as you - 99.9% of the public recognise this as an IT snafu - so what's the point? Is it Scooby Doo time again? Giving out clues for fun to amateur internet detectives? ;)


  • Closed Accounts Posts: 20,009 ✭✭✭✭Run_to_da_hills


    I Is it Scooby Doo time again?
    You seem to have a fixation for the this cartoon.


  • Registered Users Posts: 6,696 ✭✭✭Jonny7


    You seem to have a fixation for the this cartoon.

    Fantasy villians leaving clues to their secret plans - sounds like a bang on comparison to me.


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  • Closed Accounts Posts: 20,009 ✭✭✭✭Run_to_da_hills


    Jonny7 wrote: »
    Fantasy villians leaving clues to their secret plans - sounds like a bang on comparison to me.
    Speaking of ScoobyDoo, this is interesting. :)



  • Closed Accounts Posts: 3,922 ✭✭✭hooradiation


    Nah, it's not.


  • Closed Accounts Posts: 20,009 ✭✭✭✭Run_to_da_hills


    Nah, it's not.
    It is quite interesting if you are looking out for the same trend of indoctrinating symbolism that is found right throughout the corporate entertainment machine.

    The very same type of symbolism that is openly displayed by their Godfathers that are running their own live show in London this summer. :)


  • Closed Accounts Posts: 12,455 ✭✭✭✭Monty Burnz


    It is quite interesting if you are looking out for the same trend of indoctrinating symbolism that is found right throughout the corporate entertainment machine.

    The very same type of symbolism that is openly displayed by their Godfathers that are running their own live show in London this summer. :)

    I think it just demonstrates perfectly that if you look hard enough for something, you will find it.


  • Closed Accounts Posts: 20,009 ✭✭✭✭Run_to_da_hills


    I think it just demonstrates perfectly that if you look hard enough for something, you will find it.
    Like one eyed mascot characters, black & white checkered tiled floors, pyramids, twin pillars, skull & bones, Egyptian Horus background images of Baphomet, pentigon star, Kids may be oblivious to all this but there are plenty of us who are not. :)

    (May be suggest the Mods to split this thread to another topic of Illuminati subliminal messaging in the entertainment industry)


  • Closed Accounts Posts: 12,455 ✭✭✭✭Monty Burnz


    Like one eyed mascot characters, black & white checkered tiled floors, pyramids, twin pillars, skull & bones, Egyptian Horus background images of Baphomet, pentigon star, Kids may be oblivious to all this but there are plenty of us who are not. :)

    (May be suggest the Mods to split this thread to another topic of Illuminati subliminal messaging in the entertainment industry)
    You realise that the 'film' is supposed to be 'spooky' like the cartoon was, right? :confused:

    Aside from which, if you look in many people's homes you will find black & white tiled floors, pillars (twin and otherwise), pyramids, pentagons and skulls and cross bones. Are those people part of THEM also?


  • Registered Users Posts: 9,788 ✭✭✭MrPudding


    You realise that the 'film' is supposed to be 'spooky' like the cartoon was, right? :confused:

    Aside from which, if you look in many people's homes you will find black & white tiled floors, pillars (twin and otherwise), pyramids, pentagons and skulls and cross bones. Are those people part of THEM also?
    You haver to wonder how much of it is people taking the piss... I know if I had to have a logo designed for my company I would try to ram it full of these symbols for no reason other than mischief.

    MrP


  • Closed Accounts Posts: 12,455 ✭✭✭✭Monty Burnz


    MrPudding wrote: »
    You haver to wonder how much of it is people taking the piss... I know if I had to have a logo designed for my company I would try to ram it full of these symbols for no reason other than mischief.

    MrP
    I'm also wondering how many films are there where you couldn't find a load of CT staples. I'd challenge RTDH to nominate any film which I would watch and then come back to him with an armful of chequered floors and pyramids, but then he'd just add it to his collection of proof for the global Illuminati conspiracy and learn absolutely nothing.


  • Registered Users Posts: 112 ✭✭listenup


    i believe that they were cyber attacked and all our money was stolen and they have to put it down to human error so as not to scare people into removing their money and believing that our banking system is inadequate.


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  • Closed Accounts Posts: 12,455 ✭✭✭✭Monty Burnz


    listenup wrote: »
    i believe that they were cyber attacked and all our money was stolen and they have to put it down to human error so as not to scare people into removing their money and believing that our banking system is inadequate.
    How would the money have been stolen?


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