Bank of America and Wikileaks

First reported in the Huffington Post in November 2010, the Bank of America has set up a Wikileaks defense team after an announcement by Julian Assange that Wikileaks has information from a 5GB hard drive of a Bank of America executive.

In a burst of wikipanic, Bank of America has dived into full-on counterespionage mode…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.”

Interesting that they needed Booz and Hamilton.  I thought Bank of America was a Vontu DLP (now Symantec) customer.  It says something about the technology either not working, being discarded or simply not implemented properly because the Wikileaks announcement was made in October 2009. So it took BoA over a year to respond.  Good luck finding forensics over a year after the leak happened.

This is a good thing for information security consultants and solution providers, especially if it drives companies to invest in DLP. There are some good technologies out there and companies that implement DLP thoughtfully (even if for dubious reasons) will be profiting from the improved visibility into transactions on their network and better protection of IP and customer data.

Ethics of the bank executive aside, it is conceivable (albeit totally speculative), that the Obama administration is behind the Wikileaks disclosures on US banking. It is consistent with the Obama policy that required banks to accept TARP funds and stress testing in order to make the financial institutions more beholden to the Federal government. This is consistent with the State Department cables leak, which also appears (from my vantage point in the Middle East) to be deliberately disclosed to Wikileaks in order further the agenda against the Iranians without coming out and saying so specifically.

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