They were later removed from the site

Bloomberg’s top editor calls client data policy ‘inexcusable’

canada goose store NEW YORK (Reuters) Matthew Winkler, editor in chief of Bloomberg News, apologized on canada goose uk shop Monday for allowing journalists access to sensitive data Canada Goose Coats On Sale about how clients used Bloomberg terminals, saying Canada Goose online it was but that important customer data had always been protected. canada goose store

canada goose coats on sale A Bloomberg terminal displays news while traders work on the floor of the New York Stock Exchange, May 13, 2013. REUTERS/Brendan McDermid canada goose coats on sale

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canada goose black friday sale are now contacting Bloomberg uk canada goose and are in the process of confirming the facts of the situation, a spokesman for the Bank of Japan told Reuters. Federal Reserve canada goose have all said they were examining canada goose coats on sale the issue. Treasury Department was looking into the question as Canada Goose Outlet well. canada goose black friday sale

Canada Goose online The practice of giving reporters access to some data Canada Goose Jackets considered proprietary, including when a customer looked into broad categories such as equities or bonds, came to light in media reports last week. I am sorry they did. The error is inexcusable. government departments that use Bloomberg terminals. Canada Goose online

Canada Goose Outlet In the editorial, Winkler sought to clarify what exactly canada goose clearance sale Bloomberg journalists could see. He said they had access to a buy canada goose jacket cheap user login history, as well as types of user functions on an aggregated basis, with no ability cheap canada goose uk to look into specific security information. Canada Goose Outlet

buy canada goose jacket He said the practice dated back to the early days of Bloomberg News in the 1990s, when reporters used the terminal to find out what kind of news coverage canada goose clearance customers wanted. buy canada goose jacket

data privacy has become a central concern to our clients, we should go above and beyond in protecting data, especially when we have even the appearance of impropriety, Winkler wrote. that why we made these recent changes to what cheap Canada Goose reporters can access.

canada goose clearance sale The company damage control efforts encountered a potential setback later on Monday when the Financial Times reported that thousands of private messages, sent over Bloomberg terminals in canada goose coats 2009 and 2010, were uploaded to a non secure online site, apparently by accident. canada goose clearance sale

canada goose deals The messages, sent between traders at uk canada goose outlet some of the world largest banks and their customers, contained confidential financial price information and trading activity, the newspaper Canada Goose sale reported. They were later removed from the site. canada goose deals

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Canada Goose sale The Financial Times article quoted a Bloomberg spokesman as saying: work was done with client consent, where emails were explicitly forwarded to us to a dedicated email account and released by the person responsible for the email so that we could conduct internal testing to improve our technology for the client. Canada Goose sale

Canada Goose Parka A company spokesman declined further comment when contacted by Reuters. Canada Goose Parka

Canada Goose Jackets BLOOMBERG BOOK Data security was an issue that company founder Michael Bloomberg wrestled with buy canada goose jacket in his canadian goose jacket 1997 book, by Bloomberg In general, he wrote, restricting access to proprietary information can be an ineffective exercise. Canada Goose Jackets

canadian goose jacket Often whole data security issue is overblown at most corporations that think they have a lot to guard, wrote Bloomberg, who has been mayor of New York canada goose uk black friday City since 2002. and leakage are costs of doing business. Live with them. While some restrictions make sense, many are ridiculous. canadian goose jacket

When asked at a news conference on Monday about the current controversy, Bloomberg said he could not comment because of his agreement with the canada goose store city conflicts of canada goose factory sale interest board. The mayor, who Forbes has said has a net worth of $27 billion, has not been involved in the day to day operations of Bloomberg LP for nearly a dozen years.

canada goose goose sale coats In his statement, Winkler emphasized that Bloomberg News never compromised the integrity of that data in our reporting and said Bloomberg journalists are subject to standards that are among canada goose black friday sale the most stringent in the business. canada goose coats

no time did reporters have access to trading, portfolio, monitor, blotter or other related systems, he said. did they have access to clients messages to one another. They couldn see the stories that clients were reading or the securities clients might be looking at.

canada goose clearance Even though the information canada goose uk outlet available to Bloomberg reporters was limited, senior Goldman executives argued that a trader could profit just by knowing what type of securities high profile users were looking at, or what questions a government official raised with Bloomberg help desk, people with direct knowledge of their views said. canada goose clearance

The issue made people inside the bank uncomfortable with even the Bloomberg marketing and sales team access to information, the sources said.

cheap Canada Goose In disclosing the new restrictions set last month, Chief Executive Canada Goose Online Daniel Doctoroff said Bloomberg had created the position of client data compliance officer to ensure that its news operations Canada Goose Parka never have access to confidential customer data cheap Canada Goose.