A series of undersea cable incidents poses a significant risk to financial markets in London and New York, which rely heavily on these cables for transactions. Experts stress the need for proactive contingency planning to address potential disruptions, as current backup systems are inadequate and could lead to substantial financial losses and market distortions in the event of outages.
Explain It To Me Like I’m 5: A smart person is warning that if important underwater cables that help banks talk to each other get broken, it could make it really hard for people to send and receive money, so we all need to be ready for that to happen.
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