The December 2022 issue of IEEE Spectrum is here!

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Bank of America's online banking system had "intermittent service disruptions" yesterday and Monday, news reports like this one at the Chicago Tribune reported. The problem's cause was said to be in a system upgrade that took place over the weekend which the bank says is now resolved.

In January, BoA suffered a similar online banking glitch blamed at that time on a "routine systems change."

BoA said in response to the latest problem:

 "We apologize for this inconvenience and are working to restore full Online Banking service as quickly as possible."

This latest uff da is the 5th in the past 13 months by my count, and the 7th since 2007.

I am not sure that is a record for a major US bank, but it has to be close.

The Conversation (0)

Why the Internet Needs the InterPlanetary File System

Peer-to-peer file sharing would make the Internet far more efficient

12 min read
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Carl De Torres
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When the COVID-19 pandemic erupted in early 2020, the world made an unprecedented shift to remote work. As a precaution, some Internet providers scaled back service levels temporarily, although that probably wasn’t necessary for countries in Asia, Europe, and North America, which were generally able to cope with the surge in demand caused by people teleworking (and binge-watching Netflix). That’s because most of their networks were overprovisioned, with more capacity than they usually need. But in countries without the same level of investment in network infrastructure, the picture was less rosy: Internet service providers (ISPs) in South Africa and Venezuela, for instance, reported significant strain.

But is overprovisioning the only way to ensure resilience? We don’t think so. To understand the alternative approach we’re championing, though, you first need to recall how the Internet works.

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