![]() ![]() ![]() Workplace instruction should also continue well after new employee orientation, said Frigstad, an expert on corporate cultures.Īnd in Bloomberg's case, the temptation for misconduct is right there on reporters' desks. In other words, clear guidelines need to be in place as big data only grows. ( Read More: What You May Not Know About the Boom in Digital User Data) "Digital data in particular makes it a lot more tempting" to cross the line, said David Frigstad, chairman of consultancy Frost & Sullivan. ![]() It's this treasure trove of data-and all its buried promise, just waiting to be tapped-that makes online data abuse so enticing. And mining those massive pools of information can unearth trends that no human eye could glean without technology and software. Large databases are being gathered about customers, a trend sometimes called big data. But what's striking-and particularly instructive-about Bloomberg's error is its online nature. Citigroup is banning traders in its foreign exchange division from accessing internal chat groups on their Bloomberg terminals. Banks' concerns, meantime, about online security are growing. Bloomberg, a private company, now faces inquiries from the UK, U.S., German and European central banks and the U.S. ( Read More: Fed, Treasury Examining Bloomberg Use of Terminal Data)īloomberg News: 'Holding Ourselves Accountable'Ī Goldman Sachs complaint sparked revelations that Bloomberg journalists had been able to access log-in details of top officials, including Federal Reserve chairman Ben Bernanke and former Treasury Secretary Tim Geithner. "But we're not calling out companies on bad behavior," he said. "Our risk threshold for how data is collected and being used is going up," said Chris McClean, an expert on risk management and corporate responsibility at Forrester Research. As data piles up, stop gaps to ensure protection aren't keeping pace, risk management experts say.Īnd perhaps even more worrisome, we're collectively more tolerant of leaving behind our digital footprint-few to no questions asked. And how it's used exactly can be unclear. All this digital data is stored somewhere. We share massive amounts of information through e-mails and cloud computing platforms. Seemingly everyone, from our employers to doctors, collect electronic data. ![]()
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