Edward Snowden NSA Scandal: EU to Suspend US Data Sharing After Swift's Interbank Messaging System Breach

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#1 | Edward Snowden NSA Scandal: EU to Suspend US Data Sharing After Swift's Interbank Messaging System Breach datum

Wed Sep 25, 2013 9:27 am

International Business Times
by Jerin Mathew
September 25, 2013

The European Union has threatened to suspend or even terminate the crucial EU-US Terrorist Finance Tracking Programme, after allegations that the US National Security Agency (NSA) spied on bank-to-bank messaging via the Society for Worldwide Interbank Financial Telecommunication (Swift) network.

More than 10,000 banking organisations, securities institutions, and corporate customers in 212 countries use Swift every day to exchange millions of standardised financial messages.

The NSA has been widely criticised over its surveillance programme that spied on politicians, bureaucrats, and businesses across the world via phone calls and internet activity.

(excerpted)
http://www.ibtimes.co.uk/articles/508882...ift-tftp-eu.htm

"Rightful liberty is unobstructed action according to our will within limits drawn around us by the equal rights of others. I do not add 'within the limits of the law' because law is often but the tyrant's will, and always so when it violates the rights of the individual." Thomas Jefferson

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