Was electronic money outage a financial warfare exercise?

[Whitehall_Bin_Men]

Bloomberg outage
How about this for a financial warfare exercise?


http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtele coms/digital-media/11544186/Finance-world-in-the-dark-as-Bloomberg-ter minals-go-offline.html


4:30PM BST 17 Apr 2015
Financial workers report global outages on key systems used by hundreds of thousands around the world, with glitch delaying issue of UK debt

Financial markets were thrown into turmoil on Friday as the Bloomberg terminals used by hundreds of thousands of financial industry workers went offline in an unprecedented global outage.

The glitch put the Bank of England and European Central Bank on alert, and saw a £3bn auction of UK government debt postponed for hours.

Bloomberg, which prides itself on its resilience and accuracy

However, the havoc caused by the hours-long outage may lead to questions about the financial community’s dependence on the system.

The UK Debt Management Office, which auctions short-term Treasury bills on behalf of the government, was due to sell £3bn of one-month, three-month and six-month bills on Friday morning.



However, the glitch forced it to delay the sale until the afternoon, with the DMO blaming "ongoing issues with the third party platform supplier". The DMO describes the tenders as "an intrinsic component in the UK Government's stock of marketable debt instruments".



"Service has been fully restored," a spokesman said.

"We experienced a combination of hardware and software failures in the network, which caused an excessive volume of network traffic. This led to customer disconnections as a result of the machines being overwhelmed. We discovered the root cause quickly, isolated the faulty hardware, and restarted the software. We are reviewing our multiple redundant systems, which failed to prevent this disruption."