By Peter Waldman, Lizette Chapman, as well as Hashemite Kingdom of Jordan Robertson
High higher upwardly the Hudson River inward downtown Bailiwick of Jersey City, a quondam States of America Secret Service agent named Peter Cavicchia III ran exceptional ops for JPMorgan Chase & Co. His insider threat group—most large fiscal institutions convey one—used calculator algorithms to monitor the bank’s employees, ostensibly to protect against perfidious traders as well as other miscreants. Aided past times equally many equally 120 “forward-deployed engineers” from the information mining fellowship Palantir Technologies Inc., which JPMorgan engaged inward 2009, Cavicchia’s grouping vacuumed upwardly emails as well as browser histories, GPS locations from company-issued smartphones, printer as well as download activity, as well as transcripts of digitally recorded telephone conversations.
Palantir’s software aggregated, searched, sorted, as well as analyzed these records, surfacing keywords as well as patterns of behaviour that Cavicchia’s squad had flagged for potential abuse of corporate assets. Palantir’s algorithm, for example, alerted the insider threat squad when an employee started badging into operate afterward than usual, a sign of potential disgruntlement. That would trigger farther scrutiny as well as maybe physical surveillance after hours past times depository fiscal establishment safety personnel.
Palantir’s software aggregated, searched, sorted, as well as analyzed these records, surfacing keywords as well as patterns of behaviour that Cavicchia’s squad had flagged for potential abuse of corporate assets. Palantir’s algorithm, for example, alerted the insider threat squad when an employee started badging into operate afterward than usual, a sign of potential disgruntlement. That would trigger farther scrutiny as well as maybe physical surveillance after hours past times depository fiscal establishment safety personnel.
Over time, however, Cavicchia himself went rogue. Former JPMorgan colleagues clit the environs equally Wall Street meets Apocalypse Now, amongst Cavicchia equally Colonel Kurtz, ensconced upriver inward his purpose suite 8 floors higher upwardly the residual of the bank’s safety team. People inward the subdivision were shocked that no i from the depository fiscal establishment or Palantir gear upwardly whatever existent limits. They darkly joked that Cavicchia was listening to their calls, reading their emails, watching them come upwardly as well as go. Some planted faux information inward their communications to consider if Cavicchia would cite it at meetings, which he did.
It all ended when the bank’s senior executives learned that they, too, were beingness watched, as well as what began equally a promising matrimony of masters of large information as well as global finance descended into a spying scandal. The misadventure, which has never been reported, also marked an ominous plough for Palantir, i of the most richly valued startups inward Silicon Valley. An word platform designed for the global War on Terror was weaponized against ordinary Americans at home.
Founded inward 2004 past times Peter Thiel as well as about beau PayPal alumni, Palantir cutting its teeth working for the Pentagon as well as the CIA inward Transitional Islamic State of Afghanistan as well as Iraq. The company’s engineers as well as products don’t create whatever spying themselves; they’re to a greater extent than similar a spy’s brain, collecting as well as analyzing information that’s fed inward from the hands, eyes, nose, as well as ears. The software combs through disparate information sources—financial documents, airline reservations, energy cell records, social media postings—and searches for connections that human analysts powerfulness miss. It as well as hence presents the linkages inward colorful, easy-to-interpret graphics that await similar spider webs. States of America spies as well as exceptional forces loved it immediately; they deployed Palantir to synthesize as well as classify the blizzard of battlefield intelligence. It helped planners avoid roadside bombs, rail insurgents for assassination, fifty-fifty hunt downwards Osama bin Laden. The armed forces success led to federal contracts on the civilian side. The States of America Department of Health as well as Human Services uses Palantir to notice Medicare fraud. The FBI uses it inward criminal probes. The Department of Homeland Security deploys it to hide air travelers as well as leave of absence along tabs on immigrants.
Police as well as sheriff’s departments inward New York, New Orleans, Chicago, as well as Los Angeles convey also used it, oft ensnaring inward the digital dragnet people who aren’t suspected of committing whatever crime. People as well as objects popular upwardly on the Palantir hide within boxes connected to other boxes past times radiating lines labeled amongst the relationship: “Colleague of,” “Lives with,” “Operator of [cell number],” “Owner of [vehicle],” “Sibling of,” fifty-fifty “Lover of.” If the regime convey a picture, the residual is easy. Tapping databases of driver’s license as well as ID photos, constabulary enforcement agencies tin at nowadays position to a greater extent than than one-half the population of States of America adults.
JPMorgan was effectively Palantir’s R&D lab as well as examine bed for a foray into the fiscal sector, via a production called Metropolis. The 2 companies made an strange couple. Palantir’s software engineers showed upwardly at the depository fiscal establishment on skateboards. Neckties as well as haircuts were besides much to ask, but JPMorgan drew the draw at T-shirts. The programmers had to concord to habiliment shirts amongst collars, tucked inward when possible.
As Metropolis was installed as well as refined, JPMorgan made an equity investment inward Palantir as well as inducted the fellowship into its Hall of Innovation, spell its executives raved almost Palantir inward the press. The software turned “data landfills into golden mines,” Guy Chiarello, who was as well as hence JPMorgan’s main information officer, told Bloomberg Businessweek inward 2011.
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