Given the unique circumstances under which Chase Bank collapsed, there are a few things we need to understand about the nature of digital wildfires. The sensational manner in which Chase Bank went into receivership is still in Kenyans’ minds weeks after it happened. Our deeply entrenched technological fabric happens to serve as an ideal setting for accelerating the probability of digital wildfires. In the case of Chase Bank, there was an information vacuum that made the situation snowball quickly. A unique element of Chase Bank’s collapse was the role of digital media.

Source: Standard Digital May 09, 2016 15:42 UTC