Don’t Let Your Y2K Guard Down | AccountingWEB

Don’t Let Your Y2K Guard Down


Although the lights are on, the water’s running and you are able to withdraw money from the bank, this isn’t a time to get cozy with the Y2K bug idea. According to The Gartner Group, a U.S. information technology research company, Y2K glitches aren’t over until 2000 is over.

The Gartner Group estimates that fewer than 10 percent of Y2K-related failures will occur during the two weeks surrounding January 1. However, the company believes 55 percent of associated problems will strike over the rest of the year.


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The very few problems associated with the switchover are attributed to the many businesses who simply shut down prior to the end of the year. When businesses return to the office, that’s when more problems will be uncovered, The Gartner Group theorizes.

A Big Five firm believes it’s too early for business to let down their guard, too. According to Ernst & Young, businesses should be on the lookout for viruses. Active, ongoing monitoring is the best protection for business systems.

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