NYT on Bloomberg Data Terminal Privacy Breach

Amy Chozick and Ben Protess, reporting for the NYT:

The news gathering technique appears more widespread than the Goldman incident, which was first reported by The New York Post. A preliminary analysis at Bloomberg revealed that “several hundred” reporters had used the technique, a person briefed on the analysis said. (Bloomberg employs more than 2,400 journalists worldwide. A spokesman declined to comment on the analysis and said no reporters had been fired.)

There are also fears that the monitoring may have gone beyond Wall Street. Banking regulators at the Federal Reserve are examining whether their own employees were subject to tracking by Bloomberg reporters, according to people briefed on the matter. A spokeswoman for the Fed declined to comment.

This is a serious scandal.

Friday, 10 May 2013