Bloomberg's Terminal Snooping May Draw Criminal Charges

By Allison Grande (May 14, 2013, 8:38 PM EDT) -- Bloomberg LP scrambled last week to improve its data security after admitting its reporters had accessed customer data through its ubiquitous Bloomberg terminals, but attorneys say the company and its reporters still face potential civil and criminal liability depending on what they told clients about how their information would be used.

On Friday, Bloomberg CEO Daniel Doctoroff publicly acknowledged that the company had allowed its journalists to access "limited high-level client relationship data" stored on its trade terminals, including information on when a company first subscribed to Bloomberg, the times when a subscriber most recently logged onto the service and a...

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