Editor’s Note: It is very interesting for me to see a sudden spurt of reasons why electronic communications could/will be challenged in our near future.
This type of circumstance is beyond my/your/our control. My advice? Relax , enjoy “the show”, and as our lives change for the better, then BE in…
EU to Stage Large-Scale Cyberattack Exercise on Supply Chains
European Union governments will launch later this week a large-scale simulation of cyberattacks against multiple member states.
Participants will be confronted with attacks on their supply chains and some spillover socio-economic effects in other member states, before having to coordinate public communications and a diplomatic response, according to people familiar with the matter and documents seen by Bloomberg.
London Metal Exchange Back Online After Five-Hour Outage
The London Metal Exchange (LME) was supposed to open at 1 a.m. local time but trading only resumed at 6:15 a.m via a backup data center, after a power failure had shut it down.
Traders were reportedly still able to operate on their phones, Bloomberg’s sources say. However, the exchange itself is vital to the market for delivering live price quotes for bellwether commodities like copper and aluminum.
The outage is one of several the LME suffered in the past 5 years, and might put the exchange’s entire existence in question, as recent trade volumes have dropped dramatically from pre-pandemic levels.
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