Financial Services Industry
Industry: Email Alert RSS FeedKeeping communications snag-free: the potential damage from communication disruptions keeps escalating, and executives need to be aware of options that can keep the business going.(BUSINESS CONTINUITY)
Financial Executive, April, 2008 by Marshall, Jeffrey
When a series of fiber cable outages disrupted Internet traffic in the Mideast and India earlier this year, the impact reverberated widely. Trading on stock exchanges was halted in Egypt, international bank transactions were cut off and India lost half of its Web capacity.
What was equally striking was the lack of assurances that similar events can't happen again. Fiber optic cables--the infrastructure that has powered the Internet into the most amazing communications medium the world has even seen--remain vulnerable to something as low-tech as a ship's anchor dragging along the seabed. In fact, just such an event near Alexandria, Egypt, was determined to be the source of one outage. As Martin Capurro, director of Global Product Management at Qwest...
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