Gold'en Rant of the week - Barclays Bank & Big Brother - the initials are the same


Barclays Bank is now pro-actively scanning its e-banking customers for behavioural characteristics, such as IP address usage, physical location and - wait for it - customer's buying behaviour.

This contrasts with the `random number' identification system used by HSBC, Lloyds-TSB, Nationwide and other financial institutions, where their policies on the usage of that data is quite clear.

Barclays system uses RSA Security's Cyota transaction monitoring technology, which uses all available data - and then some - to track customer behaviour.

What do you think of this monitoring à la big brother?...