Fair questions, Joel, for sure. If cooperation results in hacks, then we'll know it worked. I have no doubt that the likelihood of shared information being abused by government is high. In the end, though, cooperation is essential. What we haven't discussed is what types of information will be shared and what's being shared already.
Remote deposit via smart phone might at first blush seem like a small thing, but it's a big deal for consumers, businesses and the banks that deploy it. Call it a win, win, win.
The feature symbolizes IT innovation. When JPMorgan Chase & Co. introduced it in 2010, other banks quickly followed suit. It is the product of a New Style of IT which is agile, flexible and in lockstep with the business. Let's review why remote deposit is so powerful.
-- Consumers: It draws in customers who see it as a time and gas saver. I wouldn't use a bank that didn't have it.
I guess it boils down to a larger pool of resources versus threats more widely known. I think there's also the privacy issue and general mistrust of government to do the right thing with sensitive information. Ultimately, though, I think there will be information sharing. But Facebook, Google and Yahoo made their mistrust of government known quite loudly by blowing off the first cybersecurity summit.
is it to transition 350 of a planned 1,000+ employees to an efficient, agile,
responsive, secure, mobile, recoverable virtual desktop infrastructure (VDI)? One that can be customized for individual end
users, and managed centrally by a state government agency with limited
financial and labor resources?