Friday, November 27, 2020

Tag: Proving Again The Dangers of a Cashless Society

CIBC, A Huge Canadian Bank, Was Offline All Day, Proving Again The Dangers of a Cashless Society

by Daisy Luther, The Organic Prepper:

Yesterday, CIBC reported a “systems issue” that prevented customers from logging in to their accounts online for the entire business day. CIBC, the Canadian Imperial Bank of Commerce, is one of the five biggest banks in Canada. Yesterday just happened to be the day that people receiving welfare, unemployment benefits, social insurance payments (like American social security), Canada Pension payments, and disability payments landed in the accounts of recipients.

Customers could still use ATMs and Point of Sale features but were unable to log into their accounts to check balances, transfer money, or make online payments. The sentiments of normally patient Canadians online were … tense.