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Title: In Historic Shift, British Newspapers Begin Warning of Perils of Cashless-Society After Global IT Outage
Source: [None]
URL Source: https://www.zerohedge.com/geopoliti ... -cashless-society-after-global
Published: Jul 24, 2024
Author: Tyler Durden
Post Date: 2024-07-24 10:06:39 by Horse
Keywords: None
Views: 29

Authored by Nick Corbishley via NakedCapitalism.com,

The mainstream media has, until now, played a key role in advancing the Global War on Cash - a war that began with no official declaration but in which propaganda, as with all wars, is a vital weapon.

Last week’s global IT outage appears to have shaken some British media outlets’ confidence in the idea of a fully cashless society. When a content update by the cyber-security giant CrowdStrike caused millions of Microsoft systems around the world to crash on Friday morning, bringing the operating systems of banks, payment card firms, airlines, hospitals, NHS clinics, retailers and hospitality businesses to a standstill, businesses were faced with a stark choice: go cash-only, or close until the systems came back online. From WIRED magazine:

This quickly caused chaos in Australia, whose government has explicitly encouraged businesses to go cashless. Pictures posted on social media showed card-only self-checkout registers at the grocery chain Coles displaying Blue Screens of Death (BSODs). Queues for human-run registers at Australian groceries stretched to the back of the store, according to local media. Some Australian marts simply locked their doors…

Starbucks—whose then-CEO said in 2020 was shifting “toward more cashless experiences”—appeared to have been particularly hard hit. One Kansas- based Starbucks worker posted a TikTok showing that the mobile order system was “completely down.” The machine that the store uses to print labels for cups was also not working. “It just comes out blank every time,” she said, gesturing to the label printer. She tells WIRED that some customers were “upset and very rude” when she tried to explain. A different Starbucks worker said on TikTok that she had to write down every order on sticky notes.

Richard Forno, a cybersecurity lecturer at the University of Maryland, tells WIRED that Friday’s outage demonstrates the vulnerability of our current cloud and internet infrastructure. “Software supply chains have long been a serious cybersecurity concern and potential single point of failure,” Forno says.

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