CTM Insights Managing Partner Lou Steinberg in American Banker

Banks concerned about employees’ use of WhatsApp have options

As banks continue to struggle with employees’ use of unapproved messaging platforms like WhatsApp, they’ve often had to choose between letting people use their own devices or forcing them to use work computers. But there are other options, including one that involves virtualization.

That is according to experts who provided their analysis of financial institutions’ response to a regulatory crackdown by the Securities and Exchange Commission this year on bankers using unmonitored messaging apps, particularly WhatsApp. The SEC has assessed over $2 billion in fines so far this year for such violations.

Read more here.