Government takes new tack to secure online transactions

Wednesday, 28 July 2004, 12:55 AM EST

Establishing proof of identity to conduct business online today is a much different security challenge than it was in the mid-1990s.

Back then, for example, the only way Treasury Department officials could entice financial institutions to place their orders for government securities online was to use digital certificates and an elaborate public-key infrastructure for securing the transactions.

Online buyers were scared, said Keith Rake, assistant commissioner of the Office of Public Debt Accounting in Treasury's Bureau of the Public Debt.

By Florence Olsen at USA Today.

[ Read more ]




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