Severed undersea cables could be a big problem for the global financial system -- What's a good workaround in your assessment?

1 week ago 27
Severed undersea cables could be a big problem for the global financial system -- What's a good workaround in your assessment?

While much of banking and trading seems to have gone digital, the global financial system still depends on a vast network of undersea cables that crisscross the sea floor. Carrying $10 trillion worth of transactions every day and powering Wall Street's global trading and communications, these cables have had little mainstream attention as they lie deep in the world's oceans for decades, quietly serving their purpose. But now these cables, many no thicker than a garden hose, are at the center of a series of mysterious incidents that have Wall Street security leaders and consultants on high alert. Tankers dragging their anchors have severed undersea cables in recent months in the Baltic Sea and East China Sea. 😯

https://www.bundle.app/en/finance/wall-street's-digital-lifelines:-how-severed-undersea-cables-could-be-a-big-problem-for-the-global-f-4ee6adf5-ea1a-41bb-ac5b-c4496ae1d255

https://www.businessinsider.com/severed-undersea-cables-big-problem-wall-street-2025-2

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