Capitec Says Banking Systems Restored After Global Outage

By Adelaide Changole

July 19, 2024 at 5:18AM EDT

Fiber optic cables, center, and copper Ethernet cables feed into switches inside a communications room at an office in London, U.K., on Monday, May 21, 2018. The Department of Culture, Media and Sport will work with the Home Office to publish a white paper later this year setting out legislation, according to a statement, which will also seek to force tech giants to reveal how they target abusive and illegal online material posted by users.Photographer: Jason Alden/Bloomberg via Getty Images (Jason Alden/Photographer: Jason Alden/Bloomb)

(Bloomberg) -- Capitec Bank Holdings Ltd., South Africa’s biggest bank by number of customers, said it managed to restore all its banking services hours after a widespread global computer outage disrupted airlines and lenders around the world.

The disruptions had affected Capitec’s online banking, mobile transactions, and card payments after an incident at cyber-security firm CrowdStrike Holdings Inc.

“We want to reassure our clients that their bank accounts and personal data remain secure and unaffected by this incident,” the lender said in a statement.

Companies across the world reported outages, with Microsoft Corp. saying that it was investigating its cloud services. The company said it had resolved issues affecting 365 apps and services, though it warned on Friday that it continues to address the lingering impact for the remaining apps that are in a “degraded state.”