Can you be too secure?

“Bank Cop Pulls Over Messaging Platform,” The Wall Street Journal, July 23, 2015 C1.  The new entrant to the Wall Street market for secure instant messaging may be too secure.  Regulators wonder whether the information retention and encryption offerings may be used to cloak bad behavior.

Don’t you have to wait for bad behavior before raising a complaint?  Nothing this service offers is illegal; it’s just different.  Is this just one of the challenges of new technology?

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