Isn't the obvious solution to ban personal phones, or personal apps, at work? It's not hard.
Do you honestly think that's a feasible solution? Who in their right mind would work for a company that doesn't allow them to bring their personal phone to work? Unless it were required by law, no company would do that to their white collar employees -- they'd all leave for a company that doesn't treat them like eight year olds. (I feel like this would never be suggested on HN if we were discussing software companies…
Wall Street's WhatsApp Secret: Illegal Texting Is Out of Control
41–50 of 86 posts
Re: Wall Street's WhatsApp Secret: Illegal Texting Is Out of Control
#42So people have private ways to communicate, and sometimes they break the law by communicating forbidden stuff, hasn't that been a thing for ages? Why the sudden hate on Whatsapp, if there's a rise of law breaking messages, the root cause is elsewhere.
The UK's Home Secretary Amber Rudd, fives days ago said "WhatsApp must be accessible to authorities", following the Westminster attack. She summoned some big tech firms yesterday to tell them how unacceptable it is that the police can't read encrypted messages.
Re: Wall Street's WhatsApp Secret: Illegal Texting Is Out of Control
#43Isn't the obvious solution to ban personal phones, or personal apps, at work? It's not hard.
Do you honestly think that's a feasible solution? Who in their right mind would work for a company that doesn't allow them to bring their personal phone to work? Unless it were required by law, no company would do that to their white collar employees -- they'd all leave for a company that doesn't treat them like eight year olds. (I feel like this would never be suggested on HN if we were discussing software companies…
The workers put up with it because finance pays gobs and gobs of money. Would you leave your personal phone at home for the right price? I'm sure you [or somebody else equivalently talented to you] would.
Re: Wall Street's WhatsApp Secret: Illegal Texting Is Out of Control
#44Isn't the obvious solution to ban personal phones, or personal apps, at work? It's not hard.
Do you honestly think that's a feasible solution? Who in their right mind would work for a company that doesn't allow them to bring their personal phone to work? Unless it were required by law, no company would do that to their white collar employees -- they'd all leave for a company that doesn't treat them like eight year olds. (I feel like this would never be suggested on HN if we were discussing software companies…
Re: Wall Street's WhatsApp Secret: Illegal Texting Is Out of Control
#45Isn't the obvious solution to ban personal phones, or personal apps, at work? It's not hard.
Do you honestly think that's a feasible solution? Who in their right mind would work for a company that doesn't allow them to bring their personal phone to work? Unless it were required by law, no company would do that to their white collar employees -- they'd all leave for a company that doesn't treat them like eight year olds. (I feel like this would never be suggested on HN if we were discussing software companies…
Re: Wall Street's WhatsApp Secret: Illegal Texting Is Out of Control
#46"Wall Street's Restaurant Secret: Illegal Talking over Lunch is Out of Control" > Dirty jokes and NSFW GIFs. Snaps of unsuspecting colleagues on the trading floor. Screenshots of confidential client positions. > All that -- and, on occasion, even legally dubious information -- is increasingly being trafficked over the new private lines of Wall Street: street-level restaurants like McDonalds and Taco Bell. > “They’re…
Not sure I have any well formulated thoughts about the significance of this trend among finance types... but I don't think your analogy is terribly illuminating.
Re: Wall Street's WhatsApp Secret: Illegal Texting Is Out of Control
#47"Wall Street's Restaurant Secret: Illegal Talking over Lunch is Out of Control" > Dirty jokes and NSFW GIFs. Snaps of unsuspecting colleagues on the trading floor. Screenshots of confidential client positions. > All that -- and, on occasion, even legally dubious information -- is increasingly being trafficked over the new private lines of Wall Street: street-level restaurants like McDonalds and Taco Bell. > “They’re…
Oh c'mon. Encrypted messaging apps are orders of magnitude more efficient and discreet for communication in the context of the overall finance industry, compared to "talking over lunch" (or any other meatspace location). Not sure I have any well formulated thoughts about the significance of this trend among finance types... but I don't think your analogy is terribly illuminating.
Re: Wall Street's WhatsApp Secret: Illegal Texting Is Out of Control
#48Re: Wall Street's WhatsApp Secret: Illegal Texting Is Out of Control
#49So people have private ways to communicate, and sometimes they break the law by communicating forbidden stuff, hasn't that been a thing for ages? Why the sudden hate on Whatsapp, if there's a rise of law breaking messages, the root cause is elsewhere.
Because the previous ways of communicating while working for a company with a compliance department that are hard to subpoena weren't on hundreds of millions of people's cell phones? Not saying that means the law should go after WhatsApp or it's WhatsApp's fault (I would strongly argue against both), but that doesn't mean it being made easier and deniability becoming more plausible isn't the cause.
Re: Wall Street's WhatsApp Secret: Illegal Texting Is Out of Control
#50So the media starts to scare us about illegal texting. Oh no! Lets make all chat apps non-secure so the bankers can no longer chat illegally anymore
Actually that's a pretty big deal. Financial institutions have far more stringent rules than an average company regarding communications. Analysts must be shielded by "Chinese walls" from traders. Just imagine what a trader can do if he gets a 20 minute head start (or just a few pertinent bullet points) of an influential report, which is about to be published. Look up 'front running' for details. Communications withi…