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Bank of America Prepares for Possible Disclosures by WikiLeaks

HeadlineJan 03, 2011

Executives at Bank of America are scrambling to deal with the possible fallout from a massive leak of secret bank documents by the whistleblowing website WikiLeaks. In late November, WikiLeaks founder Julian Assange announced plans to release internal documents from a major U.S. bank. Assange did not name the bank, but in a previous interview, Assange said WikiLeaks had obtained a hard drive of a Bank of America executive containing five gigabytes of data. Over the past month, Bank of America has launched a broad internal investigation hunting for any sign that its systems might have been compromised. The New York Times reports the bank has also hired the private consulting firm Booz Allen Hamilton to manage the review. In addition, the bank has sought advice from several top law firms about legal problems that could arise from a disclosure, including the bank’s potential liability if private information was disclosed about clients.

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