Submarine Cables Sustain Global Banking and Commercial Transactions
1 report, 1 independent
Updated Sun 00:00
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What happened
Submarine telecommunications cables currently support international banking, cloud computing, and commercial transactions. These cables carry approximately 99 per cent of international data traffic.
From sentinelassam.com
Why it matters
The physical infrastructure carrying global information is vulnerable to events on the ocean floor. A severed cable could interrupt business operations and disrupt financial transactions across continents.
An industry study and fault monitoring of global submarine telecommunications cables was conducted by TeleGeography.
From sentinelassam.com
Who's involved
- International Telecommunication UnionSpecialized agency of the United Nations for information and communication technologies
- United NationsGlobal international and intergovernmental organization under which the International Telecommunication Union operates
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The entities involved
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International Telecommunication Union
specialized agency of the United Nations for information and communication technologies