Google Cloud accidentally deletes $125 billion Australian pension fund

Over half a million UniSuper members failed to access their accounts after Google Cloud accidentally deleted the private cloud account of the Australian pension fund worth $125 billion.

The week-long outage resulted in widespread frustration and concern. Although service restoration commenced on Thursday, it may take some time for investment balances to reflect accurate figures.

UniSuper, a major player in Australia’s superannuation sector, caters to retirement savings needs for employees in higher education and research fields. The outage, impacting university, college, and research institution staff, originated from a unique misconfiguration on Google Cloud.