Your Web News in One Place

Help Webnuz

Referal links:

Sign up for GreenGeeks web hosting
January 12, 2012 03:05 pm

Major Financial Groups Share Data To Fight Online Theft


smitty777 writes "The Wall Street Journal is reporting on some unprecedented steps being taken by major financial institutions to combat online theft. The initiatives include a new type of data center that would be used to analyze bank data for potential security threats. Additionally, a quarterly round-table between the rivals to attack security issues was proposed. The article notes that 'security threats are pushing the big banks to do something that doesn't come naturally for these secrecy-steeped institutions: share information with one another.' A video at MarketWatch digs into it a little bit more, and points out that the banks will spend an estimated $1 billion on protection this year, which represents a 12% increase. Technologically, there has been much discussion of two-factor authentication to improve security. In fact, security officials in Singapore are even hinting at biometric solutions."

Read more of this story at Slashdot.


Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/pn7c4q74DXQ/major-financial-groups-share-data-to-fight-online-theft

Share this article:    Share on Facebook
View Full Article

Slashdot

Slashdot was originally created in September of 1997 by Rob "CmdrTaco" Malda. Today it is owned by Geeknet, Inc..

More About this Source Visit Slashdot