Wikileaks vs Bank of America

Any bet on who between the two will win the battle? Bank of America it seems has set up a 'war room' to counter the allegations and leaks which Julian Assange's Wikileaks is supposedly coming out with during early 2011. But will Julian wait till the new year to begin? Now when he has got the bail and the hurried manner in which the bank joined the likes of Visa, MasterCard and Paypal in stopping donor payments to WikiLeaks account, that seems to be highly unlikely especially after the "place your funds somewhere safer" instruction by WikiLeaks to the banks account holder in an albeit concealed manner.

At the moment, for example, we are sitting on 5GB from Bank of America, one of the executive's hard drives 

Julian Assange said it way back in October 2009 here and no doubt the bank is aware of it but still could not come up with any terms with them. Right now , they might be thinking to remain in the legal side of the wall in the shadow of US government which is eyeing to bring WikiLeaks down.But whatever the case may be,  wherever WikiLeaks go , once they release the secret info,  it in actual might lead to eruption of another series of crisis for the bank(s).Even then the bank is getting ready for this war rather than trying to avoid it. Once the WikiLeaks will expose your wrongdoing , will the same US government will spare you from getting into the investigations and trials. Will the US public , the taxpayers will spare you again this time also?

Bank of America seems to be taking the services of MarkMonitor which specialises in enterprise brand protection solutions including Domain Management (yes, they seem to be seamlessly buying-up domain names that includes the bank's top management executives along with words like 'sucks' and 'blows' which clearly outlines the panic amongst the banks' thinkthank) and Online Trademark Protection, an enterprise-class solution that identifies and responds to brand defamation, false associations, and unauthorized brand usage. MarkMonitors clientele includes names like Facebook and Google but the dangers to these IT clients includes more of phising and spam protections. Only time will prove how much of the fire fighting by the Bank will save them from getting into this leak mess.

Another food for thought is whether WikiLeaks really not making a world which is more transparent place to live where people are more accountable in their actions , words and thought process. The whole financial industry gets its bread and butter from what we call as information asymetry and it is this information asymmetry which time and again put the complete industry and economies of the world into trouble. Wikileaks is trying to get rid of some information asymmetry , hope its the same as those which bring the world into trouble.