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Banks hit with $549 million in fines for use of Signal, WhatsApp to evade regulators’ reach (www.cnbc.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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Banks hit with $549 million in fines for use of Signal, WhatsApp to evade regulators’ reach::Wells Fargo, a relatively small player on Wall Street, racked up the most fines Tuesday, with a total of $200 million in penalties.

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[-] LEDZeppelin@lemmy.world 5 points 1 year ago

That’s chump change

[-] Clav64@lemmy.ml 2 points 1 year ago

The banks have heavily invested in a cross platform chat app that's (in its own words) bridging the gap.

https://symphony.com/insights/blog/tech4fin/symphony-and-solving-the-off-channel-communication-conundrum/

Just wait for the consumer version ready to be pushed by governments.

[-] walnutwalrus@lemmy.world 2 points 1 year ago

bank attack on encryption?

[-] MdRuckus@lemdro.id 1 points 1 year ago

Good. Bastards.

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this post was submitted on 08 Aug 2023

783 points (98.8% liked)

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