Tuesday, October 18, 2005

Feds Want Banks to Strengthen Web Log-Ons

The Associate Press (AP) is reporting that "federal regulators will require banks to strengthen security for Internet customers through authentication that goes beyond mere user names and passwords, which have become too easy for criminals to exploit".

If this is not a case where Big Brother is seeking greater access into the lives of individuals, I do not know what is.

It sounds as if the growing trend of identity theft is actually being used as a smokescreen to supposedly protect people.

Whenever "biometrics or "smart" cards that would be inserted into designated readers on a user's computer" are being thrown about within the media, you should know that the propaganda machine is already in motion to program millions drip by drip.

The situation is dangerous because the reality still remains that the likelihood of theft is mcuh lower than the absolute guarantee of the monitoring (within times good and bad) if such federal requirements are implemented.

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