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Banking has woken up to the public cloud risk. Has telecom?

Last year’s sequence of Big Tech outages offered a glimpse of the Internet apocalypse – a sneak preview of a Mad Max planet where cloud-dependent economies have toppled and the cash in your pocket is only good for wiping your nose or showing children what Churchill looked like. It’s not far off this now. Visit most pubs in central London, as your correspondent occasionally does after a day’s laboring over the keyboard, and you will find that your banknotes are about as useful as Monopoly money. You can thank the pandemic for that, along with our Big Tech vassalage.

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