1995 National Science Foundation ceases funding for the backbone of the internet. The bug results from computer programs with date codes reflecting only the last two numbers in the 4-digit year. The problem is also expected to cause the BIOS on some computers to malfunction. Those older systems are still extensively used by government agencies and large corporations. Some theorists project malfunctions in the USA's Social Security Administration, Internal Revenue Service, and Air Traffic Control System, as well as many financial institutions.
International banking is one such inter-connected area of concern.
The cable will be able to carry 1 million voice calls simultaneously, which is expected to expand to 7.7 million simultaneous voice calls.