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Wall Street's WhatsApp Secret: Illegal Texting Is Out of Control

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Re: Wall Street's WhatsApp Secret: Illegal Texting Is Out of Control

#51

Earlier quoted context omitted.

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.

All this is going to do is invade the privacy of regular people, and force 'terrorists' to go off-the-grid which will make them even harder to track. The IRA were pretty good at terrorising without any kind of electronic communications - encrypted or not.

ISIS have already built their own chat application, allegedly, and distribute the APK privately. If the government ban e2e crypto in apps like WhatsApp/Signal/Telegram, expect to see more such apps from groups who politicians can't exactly summon into their offices for a chat.

https://techcrunch.com/2016/01/16/isis-app/

Re: Wall Street's WhatsApp Secret: Illegal Texting Is Out of Control

#53

Earlier quoted context omitted.

All this is going to do is invade the privacy of regular people, and force 'terrorists' to go off-the-grid which will make them even harder to track. The IRA were pretty good at terrorising without any kind of electronic communications - encrypted or not.

ISIS have already built their own chat application, allegedly, and distribute the APK privately. If the government ban e2e crypto in apps like WhatsApp/Signal/Telegram, expect to see more such apps from groups who politicians can't exactly summon into their offices for a chat. https://techcrunch.com/2016/01/16/isis-app/

I'm completely against banning encryption, and also against the argument I'm about to use, but the devil's advocate to your comment is to claim that if the only people using encryption are the "bad guys", detecting encrypted data on the networks is enough to spot a "bad guy", even if you can't read their data.

Re: Wall Street's WhatsApp Secret: Illegal Texting Is Out of Control

#54
post #53

Earlier quoted context omitted.

ISIS have already built their own chat application, allegedly, and distribute the APK privately. If the government ban e2e crypto in apps like WhatsApp/Signal/Telegram, expect to see more such apps from groups who politicians can't exactly summon into their offices for a chat. https://techcrunch.com/2016/01/16/isis-app/

I'm completely against banning encryption, and also against the argument I'm about to use, but the devil's advocate to your comment is to claim that if the only people using encryption are the "bad guys", detecting encrypted data on the networks is enough to spot a "bad guy", even if you can't read their data.

Sure, that is a potential issue with the argument. But the broader argument is that you can't make crypto go away by wishing. You can't unpublish bcrypt, libsodium, OTR, Signal Protocol, and you certainly can't unpublish the maths they are based on.

All you are really doing is making it inconvenient for normal, law-abiding folk to use strong crypto. A suitably motivated attacker (think ISIS, al-Qaeda etc.) could adapt to a world without crypto using some kind of steganographic approach (three poop emojis and a Miley Cyrus gif = blow the building up!). Every approach you take could be manipulated by the bad guys to their own advantage.

Re: Wall Street's WhatsApp Secret: Illegal Texting Is Out of Control

#55
post #8
post #5

So 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.

Probably due to fewer evidentiary "crumbs" left behind. No witnesses to meetings, conversation eavesdroppers or recorded calls --now everything is more or less deniable and irrefutable, unless one of the parties decides to double cross the other.

IIRC unencrypted chatroom logs were used in the investigation against banks rigging FX https://en.m.wikipedia.org/wiki/Forex_scandal

Re: Wall Street's WhatsApp Secret: Illegal Texting Is Out of Control

#56

Earlier quoted context omitted.

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…

You are right that financial crimes are a big deal. However the solution to criminality is not to create a surveillance state.

I mean it's one solution. What is the solution?

Re: Wall Street's WhatsApp Secret: Illegal Texting Is Out of Control

#57
post #41

Earlier quoted context omitted.

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…

Mobile phones are banned on trading floors. It is just hard to enforce for the reasons you mention.

They still have trading floors? I thought all trades went electronically these days.

Re: Wall Street's WhatsApp Secret: Illegal Texting Is Out of Control

#58

Earlier quoted context omitted.

You are right that financial crimes are a big deal. However the solution to criminality is not to create a surveillance state.

I mean it's one solution. What is the solution?

To disincentivize huge salaries for people who create zero value, and just move money from point A to point B.

Re: Wall Street's WhatsApp Secret: Illegal Texting Is Out of Control

#59

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…

>Who in their right mind would work for a company that doesn't allow them to bring their personal phone to work?

Uh, everyone in the military and the defense industry who work in EMSEC zones?

Literally hundreds of thousands of people, if not millions.

Re: Wall Street's WhatsApp Secret: Illegal Texting Is Out of Control

#60
post #58

Earlier quoted context omitted.

I mean it's one solution. What is the solution?

To disincentivize huge salaries for people who create zero value, and just move money from point A to point B.

Moving something that is currently at A but should be at B absolutely creates value.
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