We’re not seeing it here in the US, but a big chunk of the Internet in the middle-east is down now:

A submarine cable in the Middle East has been snapped, adding to global net problems caused by breaks in two lines under the Mediterranean on Wednesday. The Falcon cable, owned by a firm that operates one of the previously damaged cables, was snapped on Friday morning.

The cause of the latest break has not been confirmed but a repair ship has been deployed, said owner Flag Telecom. Following the earlier break internet services were severely disrupted in Egypt, the Middle East and India. There was disruption to 70% of the nationwide internet network in Egypt on Wednesday, while India suffered up to 60% disruption.

The Wall Street & Technology blog notes that this is testing the fail-over and backup capabilities of numerous large Wall Street firms:

At the Bank of New York, “[The firm] maintains redundant circuits, so we moved traffic to another circuit when the other was impacted,” says spokesman Ron Gruendl. “There has been no reported business impact to our global operations, and we continue to monitor our Internet traffic. We will be holding frequent calls on this matter and will invoke any appropriate cross-regional business plan if the situation warrants.”

The story from Citigroup was similar. “Citi’s backup links were functioning during the period when the telecom providers were fixing the network outage, says spokesperson Amalia Duarte. “There was hardly any impact to Citi customers, and we’re back to business as usual.”

I wonder what can snap three deep-sea Internet cables? That reminds me, has everybody seen Cloverfield?