I know that some news goes under the radar but when it's major news - like the ATM malware issues mentioned earlier this week - then it is worth highlighting, and here's another one that creeped out a month ago and only just caught my eye.
This is that Deutsche Bank has been accused of spying.
It began in the German paper Handlesblatt on 27th May:
“Aufsichtsratsmitglieder, Kunden und Journalisten sollen jedoch nicht ausgespäht worden sein. Im Visier standen dagegen hochrangige Mitarbeiter des Konzerns. Darunter soll sich auch der für das Tagesgeschäft verantwortliche Vorstand Hermann-Josef Lamberti befunden haben. Möglicherweise soll auch der für die Konzernsicherheit zuständige Risiko-Vorstand Hugo Bänziger betroffen sein.”
Which I am told translates into:
“Supposedly, members of the advisory board, bank clients and journalists were not targets of the spying. On the other hand, high-level employees of the bank were being spied upon. This allegedly included Hermann-Josef Lamberti, DB board member responsible for day-to-day business and the head of risk management Hugo Baenziger.”
Wrong, it did include more than just a few employees according to a report in the Deutsche Welle:
“The news agency Reuters says unnamed sources have confirmed reports ... that Deutsche Bank had spied not only on its employees but also on people outside the bank. The paper said the bulk of the spying allegedly took place in 2006. However it is unclear what kind of data the institution's security department had gathered.”
The initial news was followed two days later by a report that: “Deutsche Bank spied on shareholders critical of the bank’s management,
the spouse of one of the company’s directors and workers’
representatives.”
Der Spiegel added to the news on 7th June:
“An investigation commissioned by Deutsche Bank has revealed that Germany's largest bank spied on several of its management board members, supervisory board members and on at least one shareholder. The 150-page report was prepared by legal firm Cleary Gottlieb Steen & Hamilton ...
“... the bank faces a major conflict of interest in the form of supervisory board chairman Clemens Borsig, who shares responsibility for at least some of the snooping operations. As chief financial officer between 2001 and 2006, he was in charge of the corporate security department that is now at the center of the scandal. Many of the spying operations that have come to light happened during that time.”
and Bloomberg followed up on this report on 16th June:
“ 'Deutsche Bank supplied a nine-page statement', Gerhard Mueller, a spokesman for the regional council in Darmstadt, which handles data protection issues in the state of Hesse, said today by telephone. 'We will now read, examine and evaluate the report. We can’t say how long that’ll take.'
“The Frankfurt-based company faces a probe by the country’s financial regulator, BaFin, into possible violations the company uncovered in its corporate security department. Deutsche Bank hired a law firm to carry out an independent investigation into possible violations in 'past years', the bank said May 22.
“Deutsche Bank said yesterday it was fully cooperating with authorities and will take all necessary measures once the probe is completed. Mueller, the bank and BaFin declined to disclose further information about the investigation.”
We are all now waiting to see what happens next ... keep an eye out (and check your room for bugs too!).
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