A shudder went through Wall Street on Friday after the revelation that Bloomberg News reporters had extracted subscribers’ private information through the company’s ubiquitous data terminals to break news.

While this is not “Hackgate,” this will be huge. And then this:

Thomson Reuters, which sells a desktop financial data product that competes with Bloomberg and, like Bloomberg, employs thousands of news journalists, promptly seized on its rival’s headache. “Thomson Reuters Financial and Risk business and Reuters division operate completely independently with reporters having no access to nonpublic data on its customers, especially any data relating to its customers use of its products or services,” said Yvonne Diaz, a Thomson Reuters spokeswoman.

via Privacy Breach on Bloomberg’s Data Terminals – NYTimes.com.

When is your data safe?
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