🟠 High | Source: The Register — Security
CAF Bank, which serves around 14,000 charity customers in the UK, has been experiencing a prolonged online banking outage lasting over a week, leaving organisations unable to access accounts or make payments. The disruption is causing serious operational harm, with some charities unable to pay staff wages. No restoration date has been provided, raising concerns about the bank’s incident response and resilience capabilities.
Security Architect’s Take: Use this incident as a prompt to review your organisation’s dependency on single banking or financial service providers — ensure business continuity plans include alternative payment mechanisms and emergency funds accessible outside primary online platforms. If your organisation is a CAF Bank customer or advises charities, escalate to finance teams immediately and explore interim payment options.
Original advisory: Charities remain locked out of CAF Bank online accounts