Bank of England blasts 'reprehensible' spying scandal at Bloomberg
The Bank of England has branded Bloomberg’s abuse of user information as
“reprehensible”, as it revealed it is launching a coordinated investigation
into the spying scandal with other central banks.
>>
to ensure there are no more security breaches” and will be
“liaising with other central banks” as it investigates >> “The
protection of confidential information is vital here at the bank. What
seems to have happened at Bloomberg is reprehensible," a BoE spokesman
said.
Bloomberg Journos Spied On Fed Chairman Bernanke: Report
Journalists at Bloomberg
took advantage of the company’s network of market information terminals
to spy on a number of users including Federal Reserve Chairman Ben
Bernanke, CNBC reports.
Access to terminal data revealed to the employees which functions had
been accessed and how frequently by clients including Goldman Sachs. One
ex-Bloomberg employee admitted to viewing usage info for Bernanke and
former U.S. Treasury Secretary Tim Geithner; one source inside JP Morgan
Chase insists accessing the terminal data led to Bloomberg’s London
Whale reportage last year. As many as 315,000 use the Bloomberg
terminals.
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