Financial firms join security audit program

Thursday, 26 October 2006, 12:08 AM EST

Five banks have become the latest U.S. financial organizations to join an effort to streamline the assessment of online banking security. Bear Stearns, Goldman Sachs Group, Wachovia, Morgan Stanley and Regions Financial Corp have joined the Financial Institution Shared Assessments Program.

The Financial Services Roundtable designed the program in February to create a set of security standards that service providers need to match.

At internetnews.

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