Bloomberg to tighten internal controls following client data breach

An external review of Bloomberg’s data policies and procedures has recommended stronger measures be put in place in order to ensure journalists are unable to view client information through its financial data terminals.

Two separate reports were released by Bloomberg on Wednesday detailing investigations into corporate practices at the firms, following claims by banks such as Goldman Sachs that journalists had been able to view certain user information.

It was reported in April that some Bloomberg reporters had used a terminal function to find a subscriber’s personal contact information, monitor whether a subscriber was logged on and read discussions between subscribers and customer service. Information on individual trades was not believed to have been available however.

SOURCE: computerworlduk.com