The global financial system heavily relies on undersea cables that facilitate $10 trillion in transactions daily. Recent mysterious severing incidents, attributed to anchor-dragging tankers and suspicious activity by state actors, threaten this fragile infrastructure. These cables, essential for banking, trading, and internet communications, have been largely ignored until now. With the rise in global transactions, damage to these cables can disrupt operations for central banks and investment firms, leading to wider economic ramifications. Experts emphasize the importance of preparing against these threats for sustainable financial health.
These undersea cables, some no thicker than a garden hose, transport $10 trillion in transactions daily and are critical for global financial operations.
Recent incidents involving severed undersea cables have raised alarms among security experts, highlighting vulnerabilities in the foundations of the global financial system.
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