Y2K remediation (1999–2000)
Computer systems stored years as two digits, so midnight 2000 threatened errors across banking, power, and transport networks. Firms worldwide spent heavily on fixes.
Minimal disruptions after intense preparation; the feared failures never materialized.
Became the template for preemptively fixing time-related technical risk before it hits.
The Independent called the negative leap second threat “a new Y2K event.” This vote removes that risk through a standard change rather than a remediation campaign.
