From CNBC: The escalating controversy over Bloomberg reporters
accessing private information on Wall Street through the company's terminals
puts the data and media empire founded by New York City Mayor Michael Bloomberg
into strange, new territory. Since news
of the privacy breach broke on Friday, some of Bloomberg LP's biggest customers
on Wall Street are re-examining their agreements with the company to see how
much information the company can access from desktop terminals, say sources at
those firms. Goldman Sachs Group and JP Morgan Chase so far have complained
about the practice of Bloomberg reporters being able to see when one of their
employees is signed on and what kinds of functions they use through keystrokes
on the terminal.
"This industry is all about confidentiality," said
Larry Tabb, founder of Tabb Group. "When you give access to information
about when a user is logged in and what they are doing with their terminal,
that violates a confidence. That could be an issue." He added he wouldn't
be surprised if subscriber agreements would be reworked to ensure more
guarantees against breaches, especially as Wall Street firms have beefed up
compliance departments and measures…..
Read all about it at http://www.cnbc.com/id/100729453
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