3 ms·

How relevant are the 300,000 employees? Do they all had access to this information?

andsoitis 3y ago
The scale of record keeping in a place like JP Morgan is enormous. Just payments transactions are about $10 trillion a day. Unless documents are ring fenced from the start and not many systems and people have access to it, it is highly unlikely that someone is able to destroy it in all the right places without anybody noticing. If you read the link in my previous comment, you'll see this isn't the first time they got fined for bad record keeping practices. In that instance, $125m.
- 411111111111111 3y ago
  On the one hand you're saying it can't be done without some whistleblower turning up, on the other hand you think that its possible to happen accidentally. It's kinda either/or. It's either possible that someone can get full admin privileges and deletes it off-the-record or they've got enough safeguards in place that the accidental deletion isn't possible either.
  - andsoitis 3y ago
    It seems very reasonable that 47 million messages were deleted from 8,700 mail boxes by accident, but it seems like a stretch of the imagination to say this resulted in the intentional deletion of the EXACT evidence that they were being subpoenaed for, without forgetting to delete SOME of the evidence.
    - 411111111111111 3y ago
      What? according to the article, all emails were deleted in that given timeframe with the excuse "they thought it would be impossible to delete records that were still required to be kept by regulation" I don't think your argument works unless the article is wrong.
    - ImPostingOnHN 3y ago
      nobody is claiming intentional deletion of the EXACT records being subpoenaed and only those records, and the article makes clear that isn't what happened the thing we're discussing is deleting A LOT of records which INCLUDE the ones being subpoenaed, which is obviously easily possible, intentionally or otherwise so, no stretch of the imagination required

The scale of record keeping in a place like JP Morgan is enormous. Just payments transactions are about $10 trillion a day. Unless documents are ring fenced from the start and not many systems and people have access to it, it is highly unlikely that someone is able to destroy it in all the right places without anybody noticing. If you read the link in my previous comment, you'll see this isn't the first time they got fined for bad record keeping practices. In that instance, $125m.

411111111111111 3y ago
On the one hand you're saying it can't be done without some whistleblower turning up, on the other hand you think that its possible to happen accidentally. It's kinda either/or. It's either possible that someone can get full admin privileges and deletes it off-the-record or they've got enough safeguards in place that the accidental deletion isn't possible either.
- andsoitis 3y ago
  It seems very reasonable that 47 million messages were deleted from 8,700 mail boxes by accident, but it seems like a stretch of the imagination to say this resulted in the intentional deletion of the EXACT evidence that they were being subpoenaed for, without forgetting to delete SOME of the evidence.
  - 411111111111111 3y ago
    What? according to the article, all emails were deleted in that given timeframe with the excuse "they thought it would be impossible to delete records that were still required to be kept by regulation" I don't think your argument works unless the article is wrong.
  - ImPostingOnHN 3y ago
    nobody is claiming intentional deletion of the EXACT records being subpoenaed and only those records, and the article makes clear that isn't what happened the thing we're discussing is deleting A LOT of records which INCLUDE the ones being subpoenaed, which is obviously easily possible, intentionally or otherwise so, no stretch of the imagination required