Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Wealth
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Finance

    Factbox-Amazon cloud outage: online services hit, recovery uneven

    Published by Global Banking and Finance Review

    Posted on October 20, 2025

    Featured image for article about Finance

    (Reuters) -An outage at Amazon's cloud computing unit was gradually easing on Monday, after disrupting many online services offered by banks, social media companies and businesses.

    The turmoil marked the largest internet disruption since last year's CrowdStrike malfunction hobbled tech systems in hospitals, banks and airports. It highlights the vulnerability of the world's interconnected technologies.

    The cloud unit, Amazon Web Services, or AWS, has more than one million active customers every month and it currently spans 120 availability zones across 38 geographic regions, according to the company website.

    Below are key details about the outage:

    CAUSE OF ISSUE

    The outage began when a problem with the Domain Name System prevented applications from finding the correct address for the DynamoDB API, which is a cloud database that many online services use to store user information and other critical data.

    The internet uses DNS like a phone book to turn names into numeric addresses as computers require an IP address to connect to the right server.

    Apps could not look up the IP address for DynamoDB's API due to the DNS problem.

    AWS said the issue originated from within the elastic compute cloud (EC2) internal network, the high-speed network that AWS uses to connect all its cloud services within the data centers of the US-EAST-1 region.

    PLACE OF ISSUE

    AWS said on its status page that Monday's outage originated at its US-EAST-1 location in northern Virginia.

    AWS hosts its cloud infrastructure at US-EAST-1, which is one of the most prominently used AWS locations. The US-EAST-1 site is often the default region for many AWS services, according to the AWS website.

    PREVIOUS OUTAGES

    June 2023

    A capacity management issue in the US-EAST-1 region affected the AWS Lambda service that lets customers run computer programs without having to manage any underlying servers and other interdependent services. Many applications were impacted for hours.

    December 2021

    An internal automated system in US-EAST-1 unexpectedly triggered a network congestion event, overwhelming network devices. It caused a widespread outage for several hours, hitting services, including Ring security cameras, mobile banking app Chime and robot vacuum cleaner maker iRobot, which use AWS.

    BY THE NUMBERS

    AWS' revenue grew 18% from a year earlier to $30.9 billion for the second quarter ended June 30.

    SERVICES AFFECTED

    E-commerce and retail

    ** Amazon

    Streaming and media

    ** Prime Video

    ** Crunchyroll

    Gaming

    ** Roblox

    ** Epic Games' Fortnite

    Social media and communications

    ** Snapchat

    ** Reddit

    ** Signal

    Finance and payments

    ** PayPal's Venmo

    ** Robinhood

    ** Lloyd's Banking Group

    Transport

    ** Lyft

    Artificial intelligence

    ** Perplexity

    Education/Productivity

    ** Duolingo

    Source for services hit: Downdetector.com

    (Reporting by Jaspreet Singh, Anhata Rooprai and Arnav Mishra in Bengaluru; Editing by Alan Barona)

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe