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Technology: Shaping Tomorrow - There Are No Secrets Anymore - Forget About Keeping Any Aspect Of Your Business Quiet - The Internet Has Put An End To That. Now It Is Up To Banks To Make Social Networking And Blogging Sites Friends Rather Than Foes. By Chr.
- Article from:
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The Banker
- Article date:
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August 1, 2008
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Copyright informationCOPYRIGHT 2008 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: CHRIS SKINNER
Bankers need to realise that the world is transparent due to the new world of the internet. Nothing can be controlled or hidden anymore. You cannot keep anything secret. It will all get out there, some way, somehow.
The truth of this can be seen categorically through the power of today's social networking: Facebook, blogs, emails, instant messaging, chatrooms, text messages, you name it. Information will out.
Here are a few examples of how disruptive these trends are proving to be.
First, the Bear Stearns executives who thought they could share ideas secretly. Their cunning plan was to send emails between their wives' email addresses. ...