"Shit happens" would've been applicable if this was solved in 5 minutes. Accidents like this are trivial to prevent with proper policies.
"Shit happens" would've been applicable if this was solved in 5 minutes. Accidents like this are trivial to prevent with proper policies.
So what you're telling me is that these financial systems' risk analyses didn't result in them mitigating this risk (1), but because things went pear-shaped now the government needs to step in?
I was going to be unsympathetic to them, because in my field we have to analyze and then mitigate certain levels of risk. But I guess if your business is financial, bellyaching after the fact to the government is your mitigation.
(1) different design, SLAs, making sure service providers already have those policies, acceptable and expected levels of downtime, whatever...
Any "financial system" who uses "the internet" without acknowledging and accepting the risk of this sort of downtime should probably be considered incompetent. (Of course, there are probably many such institutions where the techs are currently saying "We warned you! But you refused to authorise the budget to mitigate this!" - who are now baying for blood from people who never signed up to provide 100% reliable networking for some cheapskate financial firm...)
Online banking, PayPal, Bitcoin...
I am focusing on liability though, I very much believe Telecom Malaysia should face criminal charges for this (I do not know if they should be sentenced though, as I am not aware of all the facts. That's up for the court to figure out)
In most countries (I do not know if this applies to Malaysia too, but I believe it should) denial of service attacks are a criminal offence, I'd say exporting prefixes like this would constitute as one.
You're completely ignoring the potential monetary damages.
If there's a car accident that closes the road, it's frustrating for everyone involved. But if someone's crash means I'm late for a vital sales meeting and I lose a multi-million-dollar contract, I wouldn't blame them for my consequential losses.