Feeds

Deutsche Bank sacks two for spying

Lives of Others lives on

Beginner's guide to SSL certificates

Deutsche Bank has sacked two senior executives for spying on its board of directors and two other people.

Prosecutors, data protection officials and financial regulators are all investigating the bank for allegedly spying on its own chief operating officer, a board member, an activist shareholder and a media mogul. The bank is awaiting results of its own investigation into the incidents which took place between 2001 and 2007.

The bank hired a law firm to find out just what spying was carried out on behalf of the firm - it hired private investigators to do the dirty work. As a result of this probe it has sacked its head of corporate security and its head of investor relations, according to the Wall Street Journal.

The bank declined to comment until its own report is completed, which should be within the next few weeks. That document will then go to the board which will decide what further action to take.

But regardless of their decision the bank may face further prosecutions. Data protection regulators have already sent large quantities of evidence to prosecutors, who will need several weeks to decide if further action is required.

Deutsche Bank could also face private prosecutions from the named individuals it spied on.

The case has been widely reported in Germany where it has revived memories of the Stasi, East Germany's vast internal secret police force. Those with shorter memories might be reminded of Deutsche Telekom or HP. ®

Protecting users from Firesheep and other Sidejacking attacks with SSL

More from The Register

next story
Spies would need SUPER POWERS to tap undersea cables
Why mess with armoured 10kV cables when land-based, and legal, snoop tools are easier?
Early result from Scots indyref vote? NAW, Jimmy - it's a SCAM
Anyone claiming to know before tomorrow is telling porkies
Apple Pay is a tidy payday for Apple with 0.15% cut, sources say
Cupertino slurps 15 cents from every $100 purchase
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Hackers pop Brazil newspaper to root home routers
Step One: try default passwords. Step Two: Repeat Step One until success
China hacked US Army transport orgs TWENTY TIMES in ONE YEAR
FBI et al knew of nine hacks - but didn't tell TRANSCOM
Microsoft to patch ASP.NET mess even if you don't
We know what's good for you, because we made the mess says Redmond
NORKS ban Wi-Fi and satellite internet at embassies
Crackdown on tardy diplomatic sysadmins providing accidental unfiltered internet access
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.