Orome1 writes: SQS compiled a list of the worst software failures over the past 12 months. This year’s annual survey is based on major software failures throughout 2012 and highlights the continuing problems faced by the financial and banking sector, which have dominated the software glitch top ten lists over the past three years. In this year's survey, financial services software glitches represent five of the top ten. Legacy systems in banks and trading firms are not being updated or replaced due to financial constraints and this is one major cause of failure.
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