SWIFT Violates Legal Privacy Protections

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Published By: Bruce Schneier on February 13, 2007 - 9:49am
Original Blog Entry Located Here
Filed In: Security

This is a good summary of the SWIFT privacy case:

This week, the Article 29 group -- a panel of European Commissioners for Freedom, Security, and Justice -- ruled that the interbank money transfer service SWIFT (Society for Worldwide Interbank Financial Telecommunication) has failed to respect the provisions of the EU Data Protection directive by transferring personal financial data to the US in a manner the press release describes as "hidden, systematic, massive, and long-term."