This is a very serious problem — not only does this cross major ethical lines, but it reveals a severe lack of security at Bloomberg.
Why did Bloomberg News reporters — rank-and-file employees of an entirely different division — have so much access to customer data from the financial-terminal division? Why should reporters have any access to customer information? Who else in the company needlessly has access to it?
Since JPMorgan Chase reportedly had a similar issue last summer, this had to be happening for quite a while. Does a company as big as Bloomberg, dealing with such sensitive data with such huge possible financial risks, not log and audit employee queries of customer data?
This isn’t the result of a fluke hack or a couple of bad employees — this is serious security negligence.
I applied for a job at Bloomberg in 2006.1 I wonder how many reporters there have access to all of my personal information.
I ended up joining Davidville instead, for less money, because David would let me work on a brand new Mac with any keyboard I wanted and more than three feet of desk space. A few months later, we started Tumblr. Turned out to be the right move. ↩︎