Security News > 2022 > February > Canada's major banks go offline in mysterious hours-long outage
Five major Canadian banks went offline for hours blocking access to online and mobile banking as well as e-transfers for customers.
The banks hit by the outage include Royal Bank of Canada, BMO, Scotiabank, TD Bank Canada, and the Canadian Imperial Bank of Commerce.
Canada's five major banks went offline yesterday impeding access to e-Transfers, online and mobile banking services for many.
"We are currently experiencing technical issues with our online and mobile banking, as well as our phone systems," an RBC representative confirmed.
TD Bank's mobile banking app also locked users out, with customer service representatives vaguely responding that they "Haven't been advised of recent issues with our online service through EasyWeb."
As the Deputy PM states though, as banks are already obligated to report to FINTRAC, it remains unclear how would new legislation trigger a planned or sudden, unexpected downtime.