unilad homepage
unilad homepage
  • News
    • UK News
    • US News
    • World News
    • Crime
    • Health
    • Money
    • Sport
    • Travel
  • Music
  • Technology
  • Film and TV
    • News
    • DC Comics
    • Disney
    • Marvel
    • Netflix
  • Celebrity
  • Politics
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Archive
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
TikTok
YouTube
Submit Your Content
Google accidentally deletes $125 billion pension fund account
Home>News>Money
Published 18:10 23 May 2024 GMT+1

Google accidentally deletes $125 billion pension fund account

The unfortunate tech mishap saw a lot of funds impacted

Callum Jones

Callum Jones

google discoverFollow us on Google Discover
Featured Image Credit: Getty Images/SOPA Images/fizkes

Topics: Google, Business, Australia

Callum Jones
Callum Jones

Advert

Advert

Advert

Google has accidentally deleted a $125 billion pension fund's account in an extraordinary set of events.

The tech company is one of the biggest on the planet, so you'd think that such issues would not happen.

However, even Google is sceptical of making mistakes from time to time.

And it resulted in more than half a million UniSuper fund members going a whole week without access to their accounts.

Advert

For those unaware, UniSuper is an Australian superannuation fund that provides superannuation services to employees of the country's higher education and research sectors.

Well, a lot of people were left without access to their accounts because of a Google Cloud 'misconfiguration'.

Google has issued an apology. (Jakub Porzycki/NurPhoto via Getty Images)
Google has issued an apology. (Jakub Porzycki/NurPhoto via Getty Images)

In fact, led to the financial services provider’s private cloud account being wiped, according to both Google and UniSuper.

Thankfully, services began to be restored earlier this month, but that was more than a week after systems went offline.

With such an outage, many were worried that the problems were due to some kind of cyberattack.

However, UniSuper CEO, Peter Chun, wrote to the fund’s 620,000 customers in the past couple of weeks to quash any concerns they may have.

Chun insisted that no personal data had been exposed as a result of the outage, with the CEO pinpointing the problems at Google’s cloud service.

UniSuper actually issued a joint statement with CEO for Google Cloud, Thomas Kurian.

The two bosses issued an apology to their customers for the problems, adding that it'd been 'extremely frustrating and disappointing'.

The statement read: "Google Cloud CEO, Thomas Kurian has confirmed that the disruption arose from an unprecedented sequence of events whereby an inadvertent misconfiguration during provisioning of UniSuper’s Private Cloud services ultimately resulted in the deletion of UniSuper’s Private Cloud subscription.

"This is an isolated, ‘one-of-a-kind occurrence’ that has never before occurred with any of Google Cloud’s clients globally. This should not have happened. Google Cloud has identified the events that led to this disruption and taken measures to ensure this does not happen again."

Google Cloud caused the disruption. (RONNY HARTMANN/AFP via Getty Images)
Google Cloud caused the disruption. (RONNY HARTMANN/AFP via Getty Images)

UniSuper typically has duplication in place in two geographies, so if one service goes down, it can be easily restored in the other.

But with the fund’s cloud subscription being deleted, everything was wiped out across both geographies.

UniSuper has around $125 billion in funds under management.

The statement added: "These backups have minimised data loss, and significantly improved the ability of UniSuper and Google Cloud to complete the restoration.

"Restoring UniSuper’s Private Cloud instance has called for an incredible amount of focus, effort, and partnership between our teams to enable an extensive recovery of all the core systems."

Choose your content:

3 hours ago
4 hours ago
  • Fore Play
    3 hours ago

    NFL star Josh Allen uses bizarre position to practice golf swing as footage goes viral

    'This is an extremely unique way of training', one user claimed

    News
  • Kentucky Department of Corrections
    3 hours ago

    How victim Shawna Scott survived after being shot by Worst Neighbor Ever killer Frances Zaayer

    Shawna found out her husband, David, had died after she woke up from a coma

    News
  • SWNS
    4 hours ago

    Mom, 42, reveals how years of 'worshipping sun' on girls trips caused stage 3 cancer

    She skipped sunscreen for oil on one trip to Tenerife - years later, she got a phone call that changed her life

    News
  • YouTube/God's Voice Today and Vladimir Prokhnevskiy
    4 hours ago

    Woman who died during surgery reveals what she saw as she describes 'heaven's door'

    The woman was clinically dead for more than ten minutes

    News
  • Google is paying nearly $400 million to Android and iPhone users over massive privacy breach
  • Why Google could be forced to sell Chrome as Yahoo 'prepared to buy' search engine
  • Man went on spending spree after couple accidentally transferred $750,000 house payment to wrong account
  • People are only just finding out what Google really stands for after nearly 30 years