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January 3, 2011

Bank of America Prepares for Possible Disclosures by WikiLeaks 
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Executives at Bank of America are scrambling to deal with the possible
fallout from a massive leak of secret bank documents by the
whistleblowing website Wiki Leaks. In late November, Wiki Leaks founder
Julian Assange announced plans to release internal documents from a
major U.S. bank. Assange did not name the bank, but in a previous
interview, Assange said Wiki Leaks had obtained a hard drive of a Bank
of America executive containing five gigabytes of data. Over the past
month, Bank of America has launched a broad internal investigation
hunting for any sign that its systems might have been compromised. The
New York Times reports the bank has also hired the private consulting
firm Booz Allen Hamilton to manage the review. In addition, the bank has
sought advice from several top law firms about legal problems that could
arise from a disclosure, including the bank's potential liability if
private information was disclosed about clients.



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