Yeah, many companies don't want the liability issues. Like what happens if I open my bank account on my work computer? You could argue I can expect someone to be watching but I have no warning that someone is? Here in the EU that would probably be an easy lawsuit.
Can’t speak for the EU, but the companies I’ve worked for in the US explicitly state what they do not track in their privacy/use policy when giving out laptops/phones/tablets.
E.g. their anti-virus or firewall system may ignore URLs related to banking, medical, or political affiliation and chose not to log or decrypt that traffic
Once I was trying to find a scene from a TV show at work for a joke with colleagues, and the quote I used ended up triggering a very NSFW search. Did not get fired, not even talked to. Thank goodness!
Why would you ever login to a sensitive account on a device you don't own and have root on? Like I trust my employer not to do anything shifty with my banking info, if I were to use it, but I'm not going to take that chance for a dozen reasons.
I don't. No financial transactions for me on something so easily lost or stolen, with any number of possible exploits lurking out there. Phones should be treated as compromised from day one.
They have my account and transit number and stuff, sure, that's different than my username and password for online banking. We print them out on cheques that can be (reasonably) safely given to my plumber.
patio11/bitsaboutmoney has some good writing about this
your employer knows how much they paid you and what account they paid to. They don't know your balance, where else you might be getting money from (selling science fiction short stories eh, Cosgrove?! This job should be enough for you!!), that you have donated money to the Democrats recently!! We suggested that was bad!! And lots of other things that come under banking info.
A lot is tolerated, until they want to get rid of you. But in the EU i'm pretty sure they can't use regular non-compliance stuff (general browsing, etc) in evidence. In DE you can't even identify an individual.