Bloomberg terminal phone hacking ?

After news broke that Bloomberg News is spying and tracking and collecting and analysing personal information from Bloomberg data terminals on Wall Street, one wonders how do the mobile Bloomberg apps work in connection with the Bloomberg data terminals ?

Also, seems amazing that Bloomberg would allow this to happen given sensitivity around privacy post the phone hacking scandal

— Katherine Rushton (@kerushton) May 10, 2013

Here is information about mobile apps, which work in connection with Bloomberg data services : "With Bloomberg Anywhere®, you can log in to your Bloomberg Professional service account from an Internet-ready PC or mobile device, with the same reference-quality, real-time data, security and access to personal files you have on your regular computer."

Mobile Apps Work With Bloomberg Data Terminals - Computer Tracking Concerns

There's no way yet to independently confirm whether Bloomberg News was able to access trading, portfolio, monitor, blotter, or other related systems, confirms, or private messages from the Wall Street data terminals. But it is known that several hundred people employed by Michael Bloomberg had access to information about what Wall Street terminal users did on their computers. For example, the secret data being collected included who logged into which data terminal and when, and what kinds of functions data terminal users performed.

Is it a valid concern to wonder what kind of information the mobile Bloomberg apps tracked or collected ? This latest scandal has people on Wall Street worried about how secure their data really is, if they use Bloomberg data terminals and the mobile Bloomberg apps.

Bloomberg data terminal spying

By how many billions has Michael Bloomberg's personal wealth grown during his many years as mayor ? Now that we find out that his company is spying and tracking and collecting and analysing personal information from Bloomberg data terminals on Wall Street, one must wonder what is Michael Bloomberg doing with that information ? How is he using that kind of very powerful, very lucrative, very profitable information ? Is there any way to confirm whether Bloomberg News was able to access trading, portfolio, monitor, blotter, or other related systems, confirms, or private messages from the Wall Street data terminals ? According to a report in The New York Times, several hundred people employed by Michael Bloomberg had access through a shadow information gathering technique that gave these Bloomberg employees access to information about what Wall Street terminal users did on their computers. For example, the secret data being collected included who logged into which data terminal and when, and what kinds of functions data terminal users performed. This latest scandal has people on Wall Street worried about how secure their data really is, if they use Bloomberg data terminals. But the worries and accusations of computer tracking and information collecting also extended to Bloomberg data terminals used by the Federal Reserve, as well, according to The Times report. Left unsaid is whether there are any mobile Bloomberg apps that work in connection with the Bloomberg data terminals that may facilitate phone hacking ? Is any of this any different from how Mayor Bloomberg might be using inside government information to make money at Bloomberg Government ? Hmmmmmmmm...????

Also, seems amazing that Bloomberg would allow this to happen given sensitivity around privacy post the phone hacking scandal

— Katherine Rushton (@kerushton) May 10, 2013

Mobile Apps Work With Bloomberg Data Terminals - Computer Tracking Concerns

Is It A Conflict Of Interest For Bloomberg Government To Make Money From Government Information ?

''Bloomberg Government'' is a money-making enterprise for Mayor Bloomberg's company, where he makes money from government and personal information, like contracts, employee lists, and other forms of databases.

Apparently, there is a lot of money to be made from government contracts, especially from cost over-runs, like what happened with CityTime.

So far, prosecutors can prove that $80 million has been stolen from the government payments for the CityTime payroll system, a shady black hole of an IT contract. In a separate analysis of the CityTime scandal, the newsroom of WNYC radio has estimated that, as of December 2010, New York City has spent ''more than $630 million on CityTime, which was supposed to cost just $63 million.''

If only there was a way that Mayor Bloomberg could get rid of checks and balances in New York and others could end progressive era reforms, like collective bargaining in states like Wisconsin, that way companies, which have an inside edge on government contracts and government employee lists, could go after all the cost over-runs that are possible from government contracts once there is no more government oversight ! All the more better for Bloomberg Government would be if Mayor Bloomberg could find ways to stop the City Council from checking his desire for more and more mayoral control.

Meanwhile, with all the employees that revolve between City Hall and Bloomberg L.P., how do we know if there are any safeguards on material, non-public government information ?