Banks face Web security deadline
For some bank IT managers, the release of U.S. federal guidelines for validating the identities of online users helped catalyze ongoing efforts to adopt so-called strong authentication measures.
But a majority of U.S. banks appear unprepared to meet the Dec. 31 deadline by which they're supposed to comply with the guidelines, several analysts said this week. They placed much of the blame for the current lack of preparedness on the fact that the guidelines aren't mandatory and leave it up to banks to decide what form of strong authentication they should implement.
[ Read more ]