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In a burst of wikipanic, Bank of America has dived into full-on counterespionage mode.
In an interview from October 2009, WikiLeaks director Julian Assange told Computer World that his organization was in possession of cache of information taken from a 5GB hard drive of a Bank of America executive. It apparently took until November of this year for the news to sink in at BofA, where, according to the New York Times, they have now launched a broad internal investigation.
"If something happens, we want to be ready," one bank official told the NYT. "You want to know what your options are before it comes out, rather than have to decide on the spot."
15 to 20 bank officials, along with consulting firm Booz Allen Hamilton, will be "scouring thousands of documents in the event that they become public, reviewing every case where a computer has gone missing and hunting for any sign that its systems might have been compromised."
So far, the team hasn't found the source of the leak. As for the content, the NYT reports that the counterespionage task force is focussing closely on BofA's acquisition of Merrill Lynch, which was investigated by the SEC in 2009 and 2010, along with the bank's acquisition of the ailing mortgage giant Countrywide Financial in 2008.
At the same time, Mr. Assange’s own statements would seem to undermine the government-as-source theory, hinting instead that resignations might follow as evidence emerges of corruption among top executives, something the public investigations never found.
“It will give a true and representative insight into how banks behave at the executive level in a way that will stimulate investigations and reforms, I presume,” he said in the November 2010 interview with Forbes. “For this, there’s only one similar example. It’s like the Enron e-mails.”
Originally posted by thegoodearth
reply to post by bozzchem
If they weren't so lousy with guilt,
then why is the name of all that is decent and good would
they be so frantic right now to cover their butts?????
Bank of America stock fell 3 percent that day, as wire services and the business press picked up on the report that the corporation was the apparent target of Wikileaks chief Julian Assange's threat to "take down" a major US bank early in 2011. The bank initially sought to ward off the reports amid falling share prices. "Aside from the claims themselves, we have no evidence that supports this assertion. We are unaware of any new claims by WikiLeaks that pertain specifically to Bank of America," spokesman Scott Silvestri told CNBC senior editor John Carney.
But the bank's actions suggest it is taking the threat very seriously. Assange has regularly given advance notice of his upcoming leaks and so far has delivered on his promises.