Swiss Spy Agency: Counter-Terrorism Secrets Stolen

Rambo Tribble writes "The Swiss spy agency, NDB, reports a disaffected employee walked out with drives containing terabytes of data shared by counter-terrorism agencies in Switzerland, the U.S. and Britain. It is not yet known if he was able to pass on any information before he was apprehended. 'A European security source said investigators now believe the suspect became disgruntled because he felt he was being ignored and his advice on operating the data systems was not being taken seriously.'"

Comments

Re:Advice

[lloydchristmas759]

Actually, it has been a long time since banking secrecy in Switzerland does not hold when crime is involved. When any Swiss bank suspects funds originate from criminal activities (e.g. drug or weapon trafficking, etc), it has the legal obligation to report it to Swiss financial market authority. From there, an investigation will be open. More information here.

However, tax evasion is not considered as a crime in Switzerland. This means that until recently, Swiss banks or the government would not disclose any information to foreign governments when only tax evasion was suspected. In the past few years though, international pressure on the Swiss government obliged it to ease the banking secrecy to the point where there is no secrecy anymore, except for permanent Swiss residents.