Bank of America Prepping for WikiLeaks Attack
Bank of America Prepping for WikiLeaks
Attack
According to a report in the New York Times, Bank of America officials are preparing for a release of embarrassing and potentially damaging information about its practices from WikiLeaks. The online whiste-blower's chief, Julian Assange, warned in November that he would unleash documents that would reveal an “ecosystem of corruption” at a prominent US financial institution.
Though Assange did not say which bank he would attack, a number of banking insiders have speculated that BoA would be his target. Assange professes to be in possession of a bank executive's hard drive with five gigabytes of data about that bank's practices.
According to the Times report, BoA has organized a team of 15 to 20 officials, led by its chief risk officer Bruce R. Thompson, to conduct a broad internal investigation. The investigation will reportedly involve “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.”
In addition, the bank has hired a consulting firm, Booz Allen Hamilton, to help manage the investigation. The report also said the bank has sought advice from a number of legal firms to determine the extent of the bank's liability if significant disclosures are made. BoA joined forces with MasterCard and Visa in November to stop the processing of payments intended for WikiLeaks, claiming that many of the companiy's activities could be considered illegal.
According to a report in the New York Times, Bank of America officials are preparing for a release of embarrassing and potentially damaging information about its practices from WikiLeaks. The online whiste-blower's chief, Julian Assange, warned in November that he would unleash documents that would reveal an “ecosystem of corruption” at a prominent US financial institution.
Though Assange did not say which bank he would attack, a number of banking insiders have speculated that BoA would be his target. Assange professes to be in possession of a bank executive's hard drive with five gigabytes of data about that bank's practices.
According to the Times report, BoA has organized a team of 15 to 20 officials, led by its chief risk officer Bruce R. Thompson, to conduct a broad internal investigation. The investigation will reportedly involve “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.”
In addition, the bank has hired a consulting firm, Booz Allen Hamilton, to help manage the investigation. The report also said the bank has sought advice from a number of legal firms to determine the extent of the bank's liability if significant disclosures are made. BoA joined forces with MasterCard and Visa in November to stop the processing of payments intended for WikiLeaks, claiming that many of the companiy's activities could be considered illegal.
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