SECURING FINANCIAL TRANSACTIONS IN CYBERSPACE

May 29, 1996

Are Americans risking their funds in on-line banking? Are credit card
transactions on the Internet secure? Can our financial privacy be invaded
easily in cyberspace?

These are some of the issues being addressed by the Information
Infrastructure Standards Panel (IISP), a group of more than 80 companies,
organizations, and government agencies working together under the aegis of
ANSI. IISP's objective is to identify the standards needed to facilitate
the growth of the information superhighway by determining what standards
exist, where new standards development work is needed, and by ensuring
that those standards are created and ready in a timely fashion.

Speakers at a recent IISP meeting in Washington, D.C. reviewed varying
perspectives of ensuring financial and information security in cyberspace
and focused on the role of standards in developing methods to increase
security. Separately, the panel approved nine new application-to
application standards needs; these will be added to the 35 standards
previously identified as key requirements.

Information on IISP, including membership and meeting schedules, is
available on the panel's World Wide Web site (http://www.ansi.org/iisp/
iisphome.html) or by contacting Peter Lefkin at (212) 642-4979; e-mail:
plefkin@ansi.org. The panel's next meeting is scheduled for June 18-19,
1996 at the Embassy Suites Hotel in Alexandria, Va.
 
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