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EU May Allow US To Keep Snooping On European Bank Data

Posted by kdawson on from the security-one-privacy-zero dept.

zaphod2 alerts us to a storm brewing in Europe over access by US intelligence agencies to EU banking data. There is considerable opposition in Europe to extending this access. The submitter adds, "I wonder how long it takes until gambling, online games, or non-RIAA-approved music shops are considered supporters of terrorism." "US anti-terror officials want to be able to continue examining Europeans' financial transactions, and it appears likely that the European Union is going to comply. ... The US has been examining transactions handled by the Society for Worldwide Interbank Financial Transactions (SWIFT) since the 9/11 attacks... However, SWIFT, which is located in Belgium, is planning to move its servers and database — which is currently located in the US — to Europe. With data privacy laws far stricter in Europe, the US would then need permission from the EU before it could gain access to this sensitive information."

3 of 206 comments (clear)

  1. Its OK though by Gravedigger3 · · Score: 5, Funny

    because it is absolutely necessary in order to fight the terrorists!! If we don't police the world then WHO WILL!?

    --
    All you touch and all you see is all your life will ever be. -PF
    1. Re:Its OK though by delt0r · · Score: 3, Funny

      We are Team America, &*%$ yeah!

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      If information wants to be free, why does my internet connection cost so much?
  2. Re:U.S. government invades and bombs for profit. by Anonymous Coward · · Score: 1, Funny

    Stop blowing your money on toys that go boom and you can afford a lot. For reference, see ... pretty much any land on mainland Europe.

    Maybe we could spend less on toys that go boom if Europeans other than Germans spent a little more on toys that go boom.

    For reference, see "OMFG! WTF is the German army doing parading through our capital?"