Tag: IT failures

• Sunday, August 26th 2018 - 01:26 UTC

  Central banks reviewing “phasing out cash” because of IT failures, hacking and alienation

  

  Europe’s central bankers are warning that a gradual phase-out of cash in many countries poses a serious threat to the financial system, as relying too heavily on digital payment systems exposes them to catastrophic failures in the event of cyber attacks.