Monday, January 3, 2011

Facing WikiLeaks Threat, Bank of America Plays Defense

Source: NYTimes.com

On Nov. 29, the director of WikiLeaks, Julian Assange, said in an Forbes interview that he intended to “take down” a major American bank and reveal an “ecosystem of corruption” with a cache of data from an executive’s hard drive. “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 interview with Forbes. “For this, there’s only one similar example. It’s like the Enron e-mails.”

After the interview, Bank of America’s share price fell on the widely held suspicion that the hard drive was theirs. This NYTimes article describes the internal investigation that is underway at Bank of America and how the bank is preparing for leaks of internal documents.

This is a Suspicious News Brief. Read the full article atNYTimes.com
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