Google Cloud, Microsoft Azure and Cloudflare are experiencing outages. 

“Today’s simultaneous outages across Google Cloud, AWS and Cloudflare have caused major disruptions across internet infrastructure, including financial services platforms,” Raul Morales, security architect at IBM, told Bank Automation News. “These outages are largely due to upstream issues in DNS [domain name system], authentication systems and cloud identity platforms.” 

Tech insiders are pointing at Cloudflare, in particular, saying that the outage appears to stem from a disruption to Cloudflare’s core service. One tech source said the disruption was “possibly linked to a cyberattack or cascading internet infrastructure failures.” 

However, a Cloudflare spokesperson told Bank Automation News: “This is a Google Cloud outage. A limited number of services at Cloudflare use Google Cloud and were impacted. We expect them to come back shortly. The core Cloudflare services were not impacted.” 

The Bank Automation News website also went dark for several hours because of the outage. The site was restored at around 4:30 pm ET. 

We are aware of a service disruption to some Google Cloud services and we are working hard to get you back up and running ASAP.

Please view our status dashboard for the latest updates: https://t.co/sT6UxoRK4R

— Google Cloud (@googlecloud) June 12, 2025

Consumers took to real–time data analytics platform Downdetector to report outages: 

(Courtesy/Downdetector)

The cloud providers were still investigating the outage on Thursday evening. AWS contacted Bank Automation News saying that “AWS didn’t have an outage” and “operated normally and continues to operate normally” without explanation for the many complaints logged on Downdetector.

Sources said the outage could stall operations at fintechs, banks and the stock exchange in the coming hours. 

The outage is a rare but significant network failure, exposing the sector’s deep reliance on cloud providers. Financial institutions need to change their technology strategies to avoid such events, IBM’s Morales said. 

He said the outages highlight the need for: 

• Multiregion and multicloud resiliency planning; 

• Independent, redundant DNS and identity infrastructure; and 

• Regular stress testing of core systems against third-party service disruptions.  

“If something like this happens, the easy answer is usually a technology that all providers use,” James White, general manager of banking at fintech Total Expert, told BAN. “It could be extreme, like a hack, but more than likely it is a provider … having problems.” 

Outages continue to be a trend this year. These FIs recently reported outages: 

• $210 billion-asset Huntington Bank on May 7; 

• Tech provider Fiserv on May 2;  

• $1.7 trillion-asset Citibank suffered an outage in April; 

• $196 million-asset Ally Financial in March;  

• $2.4 trillion-asset Barclays in February; and 

• $487 billion-asset Capital One and FIS in January. 

Editor’s note: This is a developing story.