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16 days agoThis is a story from August 2023, and was covered in many outlets (I quote here NYT for reference only)
Federal regulators continued their crackdown against employees of Wall Street firms using private messaging apps to communicate, with 11 brokerage firms and investment advisers agreeing Tuesday to pay $549 million in fines.
Wells Fargo, BNP Paribas, Société Générale and Bank of Montreal were hit with the biggest penalties by the Securities and Exchange Commission and the Commodity Futures Trading Commission. Together, the brokerage and investment advisory arms of those four financial institutions accounted for nearly 90 percent of the fines, according to statements released by the regulators.
I can’t help wondering what is up with all those people fighting in comments about encryption. You make the point time and again that having encrypted media is somehow suspicious. I see where you are coming from.
We know about these, because it makes headlines when it happens.
Yet, there are people here, in any similar discussion, not just this one, that keep telling us that encryption is useless because authorities can more easily break your bones than brute force your private key, and you are going to be in trouble just for having encrypted media.
Is that so? Remember the fuss when federal regulators wanted Apple to install backdoors to encrypted i-Phones? Why so? No no, bear with me, if you people are correct, then every person with an encrypted i-Phone should be in a watchlist? What about all these Linux laptops all with LUKS on the main hard drive, flying around?
How come we don’t hear about those people being prosecuted and brutalized every other day in all of these alternative media we are following?
Regarding encryption, I have a right to my fucking privacy and if you want to know what is in my hard drive, then you are the weird one. Now let’s discuss criminal prosecution. If the authorities have something on you and they need whatever is in your encrypted drive to convict you, then they do not have anything on you unless they break the encryption. The more people practicing encryption the less fruitful their efforts will be. Your argument amounts to little more than the very authorities slogan “if you don’t have something to hide”. More people using encryption should make it sink that not only people with something to hide will use encryption, and indeed, all these everyday, non-criminal people are already using Encryption in i-Phones and Linux without having their bones broken.
Yet you keep repeating this rhetoric, which seems to have no other purpose than deter people from using encryption.
Now let’s discuss brutality. If you live in a police state that can kidnap you and rough you up to forgo your protected right to privacy, then you don’t have a problem with encryption, but a huge political problem. In that case encryption won’t liberate you, but at the same time you have much bigger problems, and an entirely different threat model.
So the only thing you people could, in good faith, add to the discussion is “If you live in a police state, don’t rely solely on encryption, and update your threat model”. The other things you keep going on and on about are essentially a rebranded “if you don’t have something to hide” and they only seem designed to discourage people from adopting encryption altogether, and the fact you don’t let go can only mean one fucking thing.