Global IT Outage Highlights Importance of Cash
Global IT Outage Highlights Importance of Cash
Global IT Outage Highlights Importance of Cash
News summary

The recent global IT outage highlighted the importance of cash in society, affecting card payments in the UK and emphasizing the need for alternatives. Experts warn against abandoning cash, citing its resilience in times of technological failures and urging the payment industry to enhance reliability. The outage, caused by a software glitch, led to widespread chaos, impacting various sectors like healthcare, transportation, and retail, demonstrating the risks of a cashless society. With almost half of Britons relying solely on digital payments, the aftermath of the disruption is predicted to persist for days, showcasing the vulnerabilities of excessive dependence on technology.

Story Coverage
Global IT meltdown show perils of cashless society
Bias Distribution
100% Right
Information Sources
605a98c4-d25e-430b-86c1-9232b14faa6b
Right 100%
Coverage Details
Total News Sources
1
Left
0
Center
0
Right
1
Unrated
0
Last Updated
45 days ago
Bias Distribution
100% Right
Related News
AI Assistant
Story Coverage
Global IT meltdown show perils of cashless society
Subscribe

Stay in the Know, Subscribe to Our News

Get the latest news, exclusive insights, and curated content delivered straight to your inbox.

Related News
Recommended News