Year 2000 Report Card

Hock, Steven L.
November 1998
Financial Executive;Nov98, Vol. 14 Issue 6, p38
Academic Journal
The article reports on the year 2000 (Y2K) date conversion in computer systems, which is referred to as a millennium bug. The Y2K status for security and compliance testing in various industries including insurance, financial services, information technology (IT), manufacturing, telecommunications, the levels of federal, state, and local government, health care, utilities, and the retail trade are discussed. Although companies are trying to avoid legal liability by using Y2K-readiness software, there is still concern about system failures and recontamination of converted systems. The Y2K problem has already resulted in the filing of several lawsuits in the IT sector. The problem of misinformation in the media is mentioned.


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