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Tag Archives: chaos

EU ‘risking bank chaos’ | City & Business | Finance

Tens of trillions of pounds of derivative contracts, used by lenders to hedge their interest rate and currency trades, could cease to function unless the European Union implements protective legislation. This could affect the cost and availability of finance. In its financial stability report, the Bank of England said UK …

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Ship hack ‘risks chaos in English Channel’

Image copyright Getty Images Image caption The English Channel is the busiest shipping route in the world A commonly used ship-tracking technology can be hacked to spoof the size and location of boats in order to trigger other vessels’ collision alarms, a researcher has discovered. Ken Munro has suggested that …

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Payment chaos as Visa system crashes across Britain

Visa has apologised after a system failure averted card bills across the United Kingdom and Europe. Card customers hit out on social media ultimate night time as they have been denied cost at pubs, supermarkets and stores and have been pressured to attend in lengthy queues at money machines. The …

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