19 October 2017
Stephen Wilson

Stephen Wilson in Lockstep

Stephen Wilson - Lockstep Group

34Posts 132,474Views 174Comments
A post relating to this item from Finextra:

Citi accused of blocking start-up account over 'objectionable' blog content

25 February 2010  |  6776 views  |  0
3334.jpg
The founder of a start-up social networking site for gay men has accused Citi of blocking the firm's bank account because it finds the content of his blogs "objectionable".

Done nothing wrong and yet ...

26 February 2010  |  3599 views  |  1

For those who are cynical about privacy, this case should provide food for thought.  If a banker is able to make these sorts of backroom, opaque and biased determinations about a customer on the basis of what's publicly known about them, then the possibility of discrimination is immensely greater if warped decision makers like this had access to private information too. 

The blatant prejudice in this case shows how important it can be to retain control over what others know about you.  It's a total misconception that "if you've done nothing wrong, you've got nothing to hide".  The gay businessman did nothing wrong but evidently found himself on the receiving end of discrimination. 

In many many other cases, people need to control what's known about them, simply to protect themselves in the real world.

Comments: (1)

Matt White
Matt White - Finextra - Toronto | 26 February, 2010, 11:09

Goldberg has published an apology from Citi here.

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Latest posts from Stephen

Now is not the time to go soft

03 August 2012  |  3911 views  |  2 comments | recomends Recommends 0 TagsSecurityPayments

How much worse can CNP fraud get?

17 July 2012  |  3113 views  |  1 comments | recomends Recommends 0 TagsSecurityPayments

Credit card numbers are like nitroglycerine

13 January 2012  |  4615 views  |  0 comments | recomends Recommends 0 TagsSecurityPayments

Banks really know their customers

13 December 2011  |  3219 views  |  1 comments | recomends Recommends 1

Taking full advantage of Chip

02 June 2011  |  4402 views  |  6 comments | recomends Recommends 0

Stephen's profile

job title Managing Director
location Sydney
member since 2008
Summary profile See full profile »
I specialise in digital identity, privacy, smart technologies and fraud prevention. I run the Lockstep Group, which researches and develops innovative solutions to Card Not Present fraud and identity...

Stephen's expertise

Member since 2008
34 posts174 comments

Who's commenting on Stephen's posts