Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
subscribe to our newsletter

Bank apologises for customer account glitch

An ASX-listed banking and wealth management group has “sincerely apologised” to customers who were affected by a technical issue that allowed them to see the account information of other customers.

MyState Bank’s mobile and internet banking platform suffered a “short-lived technical issue” last week, which reportedly allowed a “small number” of customers to see some account information of others whilst banking online.

According to the bank, this was the issue that led them to take the internet and mobile banking platforms offline on 4 January, “as a precaution”.

Advertisement
Advertisement

In a statement following the incident, the bank said: “Customer funds remained secure at all times and no unauthorised transactions occurred as a result. This technical issue has not affected the ongoing security of customer accounts and online banking.

“The bank is currently conducting an investigation to determine which customers were affected and will make contact directly with those customers.

MyState's general manager of product & marketing, Chris Thornton, said the bank acted immediately and took the internet and mobile banking platform offline as a precaution.

“We sincerely apologise to customers who were affected and for the inconvenience caused by the suspension of online banking,” he said.

No further details of the glitch have been issued, but the bank has said it undertook stringent testing to identify and fix the problem.

[Related: Opportunities abound with open data]

Bank apologises for customer account glitch
mortgagebusiness

Annie Kane

Annie Kane is the editor of The Adviser and Mortgage Business.

As well as writing about the Australian broking industry, the mortgage market, financial regulation, fintechs and the wider lending landscape – Annie is also the host of the Elite Broker and In Focus podcasts and The Adviser Live webcasts. 

Contact Annie at: This email address is being protected from spambots. You need JavaScript enabled to view it.

Latest News

The non-major has revised its credit policy to facilitate the integration of its comprehensive credit reporting regime. ...

New Zealand’s central bank has introduced new regulatory requirements that would require Australia’s major banks to hold billions in add...

The technology services provider has announced a new service that automatically validates customers’ identification documents against gove...

FROM THE WEB
podcast

Spotlight: Diversifying revenue streams by accessing commercial lending specialists

Do you think the mortgage market will see more consolidation this year?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.