Internet: Security on the Web

Security on the Web -- What are the Key Issues for Major Banks?

The age of digital technology -- email, Web-driven high-speed communication and information, online commerce, and more -- has been in place now for several years, and has been touted as a "revolutionary" technological breakthrough, and for good reason: This technology presents enormous new business opportunities. For example, by moving the key element of marketing and sales from local and regional strategies onto the global stage, and by providing dramatically improved customer convenience, the Web offers medium, small and large companies -- including banks -- unlimited growth potential.

That having been said, there are problems associated with online services, in particular online banking services, and security is at the top of the list of these issues. Some of the most serious security issues associated with Web-banking keep customers away from this technology, in...
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