Friday, June 14, 2013

Thousands Of Firms Trade Confidential Data With The US Government In Exchange For Classified Intelligence

Before they agreed to install the system on their networks, some of the five major Internet companies --AT&T Inc. (T), Verizon Communications Inc (VZ)., Sprint Nextel Corp. (S), Level 3 Communications Inc (LVLT). and CenturyLink Inc (CTL). --asked for guarantees that they wouldn't be held liable under U.S. wiretap laws. Those companies that asked received a letter signed by the U.S. attorney general indicating such exposure didn't meet the legal definition of a wiretap and granting them immunity from civil lawsuits, the person said.

Ah, the US Attorney General -because what is another Obama scandal that doesn't involve his primary henchman Eric Holder...

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In exchange, leaders of companies are showered with attention and information by the agencies to help maintain the relationship, the person said. In other cases, companies are given quick warnings about threats that could affect their bottom line, including serious Internet attacks and who is behind them.

In other words, what is going on behind the scenes is nothing more than one vast, very selective, extremely secretive, symbiotic and perfectly "legal" giant information exchange network, which allows corporations to profit off classified government information either in kind or in cash, and which allows the government to have all the information at its disposal, collected using public and private venues, in order to protect itself, to take out those it designates as targets, or simply said -to get ever bigger.

The loser in all of this?

You.

http://www.zerohedge.com/news/2013-06-14/thousands-firms-trade-confidential-data-us-government-exchange-classified-intelligen

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