Terror Attacks to Cost Billions For Replacement Technology
NETWORKS AND INFRASTRUCTURE
NEW YORK--It could cost $15.8 billion to restore all of the IT and communications in New York City, according to research firm Computer Economics. The immediate impact--the need for fast replacement of hardware and software as well as contractors and service companies--could cost $1.7 billion.
This report comes not only on the heels of the disaster in New York on Sept. 11, but also after predictions of massive cuts in technology budgets at banks around the world. For example, Merrill Lynch’s
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