Elon University

Big Brother Wants to Look in Your Bank Account: The U.S. Government is Constructing a System to Track All Financial Transactions in Real-Time – Ostensibly to Catch Criminals. Does That Leave You With the Warm Fuzzies – or Scare You Out of Your Wits?

The Deposit Tracking System (DTS) is a potential menace. If implemented, the estimated $12.5 million computer system could be used to penetrate the security of bank accounts belonging to you, me, and 388 million other bank account holders in the U.S.

Big Brother Wants to Look in Your Bank Account: The U.S. Government is Constructing a System to Track All Financial Transactions in Real-Time – Ostensibly to Catch Criminals. Does That Leave You With the Warm Fuzzies – or Scare You Out of Your Wits?

The chumminess between FinCEN and the intelligence community raises serious questions about the privacy and security of the financial records of citizens John and Jane Doe, considering the intelligence community’s historic penchant for illegal spying on non-criminals. Given the vast reach and ease with which the government can now tap into an individual’s or business’s financial records on a whim, these questions have received far too little scrutiny.

Bad Attitude: Business as Usual on the Infobahn

The proposed NII contains no … structural feature to ensure that its users will be able to produce and distribute their own products. This degree of many-to-many interactivity is necessary, I suggest, for a truly liberating redistribution of power … Many-to-many communications should be the cornerstone of federal information policy, not the object of guerrilla war.

Bad Attitude: Business as Usual on the Infobahn

If, as the existence of a true many-to-many world network implies, everybody has the power to make artistic products of any kind and to distribute them to anybody on the planet essentially for the asking, the need for an entertainment industry suddenly disappears. Because the issue is power – the precondition of profit – there’s about as much chance that the communications industry will build a many-to-many network out of “enlightened self-interest” as there is that the Clinton administration will willingly abandon the Clipper encryption standard.