Warnings to US Banks About Exporting Privacy
The Federal Deposit Insurance Corporation (FDIC) is warning banks and financial institutions to be weary of sending personal financial information of customers to be processed in locals that do not follow strict standards for managing private information. The FDIC suggests that banks and financial institutions know the subcontractors who they are dealing with to ensure that privacy is a key component of the arrangement.
US regulator warns banks of privacy risks from offshoring, Economic Times, June 9, 2004
