Tech outage likely to cost retailers $70 million
Posted On: Jul. 12, 2019 6:20 AM CSTDominique Lamb, chief executive of Australia's retail association, said that a tech outage at telecom company Telstra Corp. Ltd. on July 11 is likely to cost retailers up to $100 million Australia ($70 million), The Sydney Morning Herald reported. The outage disrupted operations at banks and affected card payment services at several retailers.