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Millennium Bug - Paper

Millennium Bug

What Effect will the have on Society?
People talk about the , but few actually know what it is and how big an effect is could have. Virtually everything is our society is vulnerable, from water and electricity to our phone bills and savings accounts. The is a design fault dating back to the early days of computers and the way they store time and date. When you turn on your computer it knows the time and date thanks to a built in clock which memorises the date in the form of month/day/year. The problem is that when we go from 99 to 00 many computers won't know whether this means the year 1900, 2000 or the year that the computer was created. This may cause havoc on society, especially now ...

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monitors which have exhibited year 2000 failures. There could be significant threats to personal safety, for example if an ultrasound wrongly calculated the size of a faetus or administered radiation therapy incorrectly. Also people with heart pace makers could face the possibility of them failing.
Bank accounts could be wiped off the records and ATM's could swallow cards thought to be expired. Computers controlling home loans could strip banks off millions of dollars by resetting mortgage repayment programs back to 1900. Millions of dollars are being poured into rectification programs, by financial institutions. Now the Australian Stock Exchange will only licence dealers with year 2000 compliance. Another danger of the is that those who are on the phone during the switch over could be charged for a 99 year phone call costing them anywhere up to $12,000,000.
Unemployment is one of the biggest problems in society today and the will make the situation worse. Small to medium sized ...

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Millennium Bug. (2005, March 27). Retrieved November 23, 2024, from http://www.essayworld.com/essays/Millennium-Bug/24387

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"Millennium Bug." Essayworld.com. March 27, 2005. Accessed November 23, 2024. http://www.essayworld.com/essays/Millennium-Bug/24387.

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PAPER DETAILS

Added: 3/27/2005 05:05:35 PM
Category: Science & Nature
Type: Free Paper
Words: 692
Pages: 3

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