Bloomberg Puts Standards In Place To Protect Private Info

Bloomberg announced today that it was putting new standards and theories in place in order to better secure the private data of its clients. The move comes in response to criticisms faced by the terminal operator in recent months after it was revealed that it's news personnel were using private information in their stories.

Back in May, Goldman Sachs Group Inc (NYSE:GS) complained that Bloomberg reporters were using information gathered by its financial information terminals in order to add to stories, and gain an edge on media competition. The company has made several changes in order to prevent this from happening again, according to today's statement.