• News
  • Film and TV
  • Music
  • Tech
  • Features
  • Celebrity
  • Politics
  • Weird
  • Community
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • 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 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.

Advert

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.

Advert

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."

Advert

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.

Advert

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."

Featured Image Credit: Getty Images/SOPA Images/fizkes

Topics: Google, Business, Australia

Callum Jones
Callum Jones

Advert

Advert

Advert

Choose your content:

5 hours ago
8 hours ago
9 hours ago
  • 5 hours ago

    Doctor issues urgent advice as hundreds of weight-loss jab users share concerns over diet

    The professional has also outlined the kind of food weight-loss drug users should be 'focused' on.

    News
  • 8 hours ago

    Scientists discover unexpected link between weight loss jabs and dementia

    Experts have claimed 'further work is needed' to solidify claims made in a brand new study

    News
  • 8 hours ago

    Burger King employee goes viral after being forced to run entire store by herself for a shocking 12 hours

    Nykia Hamilton is a single mother of three who works at one on the fast food chain's stores in Columbia

    News
  • 9 hours ago

    Pete Davidson is expecting his first child with girlfriend Elsie Hewitt

    The comedian has announced that his girlfriend is pregnant

    Celebrity
  • One of GTA 6's rumored lead actors suddenly deletes Instagram account
  • Why Google could be forced to sell Chrome as Yahoo 'prepared to buy' search engine
  • Important reason why you should blur your house on Google Maps
  • Warning issued to 3,200,000 Google Chrome users over dangerous hacking scam