Banks concerned about employees’ use of WhatsApp have options


As banks continue to struggle with workers, Use of unauthorized messaging platforms like WhatsApp, they often had to choose between letting people use their own devices or forcing them to use work computers. But there are other options, including one that involves virtualization.

So say experts who presented their analysis of financial institutions’ response to a regulatory crackdown by the Securities and Exchange Commission earlier this year against bankers using unsupervised messaging apps, notably WhatsApp. The SEC has evaluated over $2 billion in fines so far this year for such violations.

The US has long required individuals involved in securities transactions to communicate only in a manner that can be recorded, monitored and archived. The proliferation of secure messaging platforms designed to thwart surveillance has enhanced privacy while sacrificing banks’ ability to monitor all work communications, but some banks have still found a way to turn some of these platforms into one…

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