Venezuela experiences daylong electronic banking shutdown

Venezuela experienced a shutdown of many of its electronic payment systems after payment processor Credicard's system collapsed on 2 December 2016. Credicard stated an electrical failure affected cash machines, credit and debit card readers, and approximately twenty banks, and announced on 3 December that the problem was resolved (Tal Cual). However, President Nicolás Maduro labeled the event an international cyber-attack and announced that he sent a team from the national intelligence agency SEBIN to Credicard's headquarters to investigate the incident (Efecto Cocuyo). Maduro stated on 3 December that Credicard staged a deliberate attack on Venezuela's banking system and said Credicard employees responsible for the attack had been arrested (Panorama).