A Chinese company, Ant Financial, largely owned by the government of China, is intent on taking over MoneyGram, a leading US-based financial payments company. This planned acquisition raises serious questions as to whether ownership of MoneyGram would be part of China’s strategic plan to obtain sensitive personal and financial information of Americans and westerners worldwide as well as to undermine American economic strength. This acquisition should be stopped for that reason.
The Committee on Foreign Investment in the United States (CFIUS) exists to review the national security implications of foreign investments in US companies. CFIUS is comprised of representatives from a number of US agencies or departments — including the Departments of Defense, Homeland Security, State and Commerce. CFIUS can block foreign sales and investments that would result in a foreign power acquiring assets and intellectual property that would harm America’s national security.
There are a number of important national security and strategic reasons that CFIUS should reject Ant Financial’s proposed takeover of MoneyGram. Continue reading
Representative Chaffetz has been investigating the scandal-plagued protective agency — the habitual drunkenness and whoring of its agents, among other things — when Secret Service personnel improperly accessed his protected records in a hunt for dirt. The aim of this was made clear by assistant director Ed Lowery, who wrote to assistant director Faron Paramore: “Some information that he might find embarrassing needs to get out.”
Critics are saying that the agency’s brass — at least 18 of them were culpably aware of the plan, and 45 employees illegally viewed the congressman’s information — have violated the Privacy Act. They certainly have, but that is the least of it. They have illegally accessed protected federal records, which is fraud under federal law and carries a ten-year prison sentence. Continue reading
In the wake of a security breach last month that resulted in the theft of personal taxpayer data, experts are now raising concerns over a government data warehouse that keeps the information of Obamacare enrollees forever.
The system, known as the Multidimensional Insurance Data Analytics System, or MIDAS is vaguely described on the federal healthcare.gov as a “perpetual central repository.” When asked by the Associated Press how many people have direct access to the database, officials refused to say.
The decision to keep the personal information of enrollees forever has raised the ire of experts. Lee Tien, a senior staff attorney for the Electronic Frontier Foundation stated that it is irresponsible of the government to retain data any longer than is necessary. Similarly, Michael Astrue, a former Social Security Commissioner has argued that there is no justification for keeping this data permanently. In addition, he worries that the federal government is illegally expanding MIDAS by adding personal information from state-run Obamacare exchanges without proper privacy consent. Continue reading
Minnesota insurance broker Jim Koester was looking for information about assisting with Obamacare implementation; instead, what landed in his inbox was a document filled with the names, Social Security numbers and other pieces of personal information belonging to his fellow Minnesotans.
In one of the first breaches of the new Obamacare online marketplaces, an employee of the Minnesota marketplace, called MNsure, accidentally emailed Koester a document containing personally identifying information for more than 2,400 insurance agents, the Minnesota Star Tribune reported. MNsure was able to quickly undo the damage because Koester cooperated with them, but the incident left him unnerved.
“The more I thought about it, the more troubled I was,” Koester told the newspaper. “What if this had fallen into the wrong hands? It’s scary. If this is happening now, how can clients of MNsure be confident their data is safe?” Continue reading