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

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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[-] mojo@lemm.ee 211 points 1 year ago

Private speech is never the problem and should absolutely be encouraged as a human right. The problem here is them avoiding regulators and should get fucked for that alone, that's the crime here. Signal and Whatsapp should not be mentioned at all and this is an attempt to push "encryption bad" narrative.

[-] flumph@programming.dev 39 points 1 year ago

I worked at a firm that was regulated and audited by the SEC. The standard lesson from the compliance department was always to have potentially problematic conversations out loud instead of in email or Slack. They never needed encryption to avoid regulators.

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this post was submitted on 08 Aug 2023
753 points (98.8% liked)

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