✦ Synopsis

also discuss how to guarantee E-commerce security and how to combat Internet fraud and viruses with international laws.

Banking on network security basics

Following Barclays' recent security problems, a consumer group has stated that high street banks need to get back to IT basics in order to deliver secure online banking services. In the UK, the Consumer's Association has called for banks to pay more attention to basic software testing and observe data protection legislation, rather than set up new bodies to tackle Internet security.

According to Alan Stevens, head of digital services at the Consumer's Association, "There are some very good regulations and laws in place that apply to UK Internet banks. It is not a case of putting new regulations in place. Companies have to make sure that their own back-office systems are secure and that they use normal rules of IT development."

Barclays is still testing its upgraded online banking service and has not given a date for when it will be re-installed. The bank blamed the security glitch on a software code error in the upgraded site.

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