Monday, January 3, 2011

Watch and Learn from Bank of America

No matter what kind of business or organization you are part of, I strongly urge you to pay attention to what Bank of America is doing to prepare for possible revelations of damaging company information.

Julian Assange, the person behind WikiLeaks, threatened to release the contents of a hard-drive of a Bank of America executive months ago and more recently he sent shock waves through the banking industry with a threat to release confidential bank documents the first of this new year.

The New York Times is reporting that Bank of America has activated a special “counter espionage” and crisis management team in anticipation it will be the target of the next WikeLeaks attack.

The day after Assange made his most recent threat against an unnamed bank, Bank of America stock fell 3-percent.

The Times says their sources confirmed the company’s team of lawyers, security and computer experts, public relations staff and other experts have been reviewing thousands of documents looking for anything that might be used against the company, tracking every computer and hard drive looking for any that are or have been unaccounted for, for any length of time.

The best theory suggests if WikeLeaks has acquired any Bank of America documents, they were part of a federal investigation a year ago when the Bank turned over sensitive material to the Securities and Exchange Commission, federal investigators and the New York State Attorney General’s office.

Assange says he has documents that will lead to top level resignations. The SEC, federal investigators and the New York Attorney General all said they found no evidence of that kind of wrong-doing in the documents turned over to them.

The lesson here, for you and your business, is to know what is in your files – hard copy and digital files – and if there is evidence of internal problems, fix them, and be prepared to respond if and when they are made public by a disgruntled employee or some government agency.

Never assume that your organization’s secrets will always remain secret.

And don’t wait to be surprised and unprepared to respond when they are made public.

No comments:

Post a Comment