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- SEC Adopts Statement and Interpretive Guidance on Public Company Cybersecurity Disclosures
- SEC Charges Former Bitcoin Exchange and Its Founder With Fraud
- JPMorgan Chase to Replace NYC Headquarters with 70-Story Skyscraper
- Citigroup Raises CEO Corbat's Pay 48% to $23Mn
- Should Congress Create a Crypto-Cop?
- JPMorgan Weighs Buying an Exchange-Traded Funds Firm
- Hey, Goldman Sachs: Wanna Buy BNY Mellon?
- SEC Order Rejecting Acquisition of Chicago Stock Exchange (CSX) by Chinese-Baesd Company
- Kyle Moffatt Named Chief Accountant in SEC CorpFinance
- SEC Suspends Trading in 3 Issuers Claiming Involvement in Cryptocurrency and Blockchain Technology
- Karen Garnett, Assoc. Director of SEC CorpFinance, to Leave After 23 Years of Service
- Louisiana Adviser Barred for Hiding Losses from Investors
- Connecticut HF Manager Illegally Diverted Investor Money - Now Owes Nearly $13Mn
- White House Cleaning House of Advisors Without Full Security Clearance
- Goldman Projects 30% Growth in Wealth Management Advisor Force
- Whistleblower Alleges Manipulation of CBOE Volatility Index
- FINRA Looking Into VIX (CBOE Volatility Index) Manipulation: WSJ
- Atlanta-Area Resident Charged with Misusing Investor Funds - SEC
- FINRA Announces 2018 West Region Networking Seminar
- Alberto Arevalo, Associate Director in Office of International Affairs, to Retire From SEC
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NEWSLETTERS & ALERTS
Data Breach Unmasks Bloomberg Chat Room Users
Nearly one thousand Bloomberg terminal users participating in an anonymous ‘metal and mining’ chat room had their identities unmasked this week when a London investment company (Janus Henderson) sent out a list of the participants - including names and employers - to people in the chat room. Following the data breach, that chat room and 2 others were shut down.
But the effect of the “unmasking,” as users have come to call it, is likely to be even greater than that as news of the breach is rippling throughout Bloomberg’s 325,000 subscribers.
“This ‘unmasking’ shouldn’t have happened in the first place,” one anonymous Bloomberg terminal user in the Airline and Aerospace chat room said on Thursday, according to a transcript obtained by The Post. “Surprised there’s even a feature for BBG to unmask everyone in a transcript to send.”
Under normal conditions, chat room participants are only identified by a generic Bloomberg name, like “Member 12345.” As such, participants feel they can speak candidly about companies in the sector - and on just about any other subject matter. However, compliance officers at Wall Street firms, in order to police employees at their firm, do have the ability to get unmasked transcripts of any Bloomberg chat. But they are required to keep the info confidential.
“We provide this information to firms at their request so they can meet legal and compliance requirements,” Ty Trippet, a spokesman for Bloomberg, told The Post. “We also make sure all our users are aware of this disclosure and actively opt-in before they can participate in an anonymous chat.”
That said, the system has apparently worked seamlessly for years - until Wednesday, that is.