Privacy laws crimp bank efforts to snoop on traders
Banks want to surveil employees to prevent malfeasance. GDPR is hobbling those efforts
Never before have computers been so adept at watching the people who use them. And at banks, privacy restrictions may well stop some of that.
Not just that, but some surveillance may have to be rolled back. Data protection laws, such as the European Union’s General Data Protection Regulation (GDPR) and the California Consumer Privacy Act, are imposing new boundaries on the ways in which employee and customer data can be used.
In addition, different jurisdictions could present different
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