In 1999, there was widespread concern about what was called the Y2K issue because many older programs used only two characters to store the year, and might not recognize the start of a new century.

Question

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This statement is true. The Y2K issue was a real concern in 1999 as many older computer programs stored the year as two digits (e.g. 99 for 1999) and there was a fear that when the year 2000 arrived, these programs would not be able to recognize it correctly, causing issues with things like accounting, banking, and other critical systems.

In 1999, There Was Widespread Concern About What Was Called