Bank of America Running Scared of WikiLeaks

The power of WikiLeaks remains undiminished in 2011. The New York Times devotes a major story to Bank of America’s desperate attempts to mitigate the carnage expected when (if) WikiLeaks releases details of scandalous, fraudulent activities at the bank:

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By the time the conference call ended, it was nearly midnight at Bank of America’s headquarters in Charlotte, N.C., but the bank’s counterespionage work was only just beginning.

A day earlier, on Nov. 29, the director of WikiLeaks, Julian Assange, said in an 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. With Bank of America’s share price falling on the widely held suspicion that the hard drive was theirs, the executives on the call concluded it was time to take action.

Since then, a team of 15 to 20 top Bank of America officials, led by the chief risk officer, Bruce R. Thompson, has been overseeing a broad internal investigation — 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 to the internal team drawn from departments like finance, technology, legal and communications, the bank has brought in Booz Allen Hamilton, the consulting firm, to help manage the review. It has also sought advice from several top law firms about legal problems that could arise from a disclosure, including the bank’s potential liability if private information was disclosed about clients.

The company’s chief executive, Brian T. Moynihan, receives regular updates on the team’s progress, according to one Bank of America executive familiar with the team’s work, who, like other bank officials, was granted anonymity to discuss the confidential inquiry.

Whether Mr. Assange is bluffing, or indeed has Bank of America in its sights at all, the bank’s defense strategy represents the latest twist in the controversy over WikiLeaks and Mr. Assange…

[continues in the New York Times]

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  • Haystack

    This is what we call a “guilty conscience.”

  • Haystack

    This is what we call a “guilty conscience.”

    • Siminatongue

      Exactly lol. What I find funnies about this is all the major banks worrying over the fact it may be their hard drive. I mean really, guilty much? If you are a legitimate business then you would have nothing to worry about. lol again.

  • saint_al

    Ass covering and excuse manufacture.

  • saint_al

    Ass covering and excuse manufacture.

  • 5by5

    Interesting choice of consulting firm. Booz Allen Hamilton has both James Woolsey “formerly” of the CIA, fmr. board member of the sexual slavery “defense” contractor DynCorp, and signator to the PNAC documents, and Mike McConnell of No Such Agency on it’s list of executive douchebags. McConnells also serves on the board of the National Security Alliance, the lobbying firm for all private spook companies vying for a portion of the roughly $40+ billion in intel funding, 70% of which goes to private firms that have basically ZERO Congressional oversight.

    Booz Allen Hamilton was also the lead contractor for the not-so-defunct Total Information Awareness (TIA) program that was Iran-Contra felon John Poindexter’s fascist little baby.

  • 5by5

    Interesting choice of consulting firm. Booz Allen Hamilton has both James Woolsey “formerly” of the CIA, fmr. board member of the sexual slavery “defense” contractor DynCorp, and signator to the PNAC documents, and Mike McConnell of No Such Agency on it’s list of executive douchebags. McConnells also serves on the board of the National Security Alliance, the lobbying firm for all private spook companies vying for a portion of the roughly $40+ billion in intel funding, 70% of which goes to private firms that have basically ZERO Congressional oversight.

    Booz Allen Hamilton was also the lead contractor for the not-so-defunct Total Information Awareness (TIA) program that was Iran-Contra felon John Poindexter’s fascist little baby.

  • Anonymous

    Maybe I’m all wrong, still my bet is either on Goldman or Citigroup..

  • gondolfin

    Maybe I’m all wrong, still my bet is either on Goldman or Citigroup..

  • Siminatongue

    Exactly lol. What I find funnies about this is all the major banks worrying over the fact it may be their hard drive. I mean really, guilty much? If you are a legitimate business then you would have nothing to worry about. lol again.

  • Scum23

    I don’t see how they can expect this to bring them down. Bank Of America has been getting away with daylight robbery for years without regulatory action.

  • Scum23

    I don’t see how they can expect this to bring them down. Bank Of America has been getting away with daylight robbery for years without regulatory action.

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