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Posts Tagged ‘WikiLeaks’

Banks Should Prepare for Possible WikiLeaks Disclosure

Photo:Leon Neal/AFP/Getty Images

During an interview with Forbes, WikiLeaks founder Julian Assange said there will be a disclosure of internal documents from a “major American bank” in early 2011 that will “lay bare the finance firm’s secrets on the Web for every customer, every competitor, every regulator to examine and pass judgment on.” Assange doesn’t go into further detail, but says the data will reveal an “ecosystem of corruption” and “unethical behavior.”

The words have struck fear in the hearts of Bank of America investors; its stock dropped yesterday on fears that it’s that bank. “We are unaware of any new claims by WikiLeaks that pertain specifically to Bank of America,” a spokesperson told the Wall Street Journal.

Still, it would be in BofA’s best interests, and the interests of all banks, to be prepared for what might come.

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Guest Post: Wikileaks Disclosure Shows that Nothing is Confidential

WikiLeaks' Julian Assange

The latest Wikileaks disclosure not only reveals previously classified information about international governments and diplomacy, it also demonstrates that these days a secret is difficult – if not impossible – to keep.

After the jump (and on the firm’s Bulletproof BlogRichard Levick, president and CEO of Levick Strategic Communications, shares his thoughts about the diminished significance of words like “top secret” and what that means for public and private organizations.

PBS.org also has a round-up of coverage and the mostly unaffected reactions from world governments to the revelations.

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