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http://www.ft.com/cms/s/0/b6259920-f65b-11df-846a-00144feab49a.html Normally the FT seems fairly sensible but this article seems odd. Either that or the bank controls were incredibly lax. And why would encrypting data allow the IT people to have access. Quote âThe high-profile cases of criminal data theft were certainly a wake-up call for Swiss banks to review and overhaul their IT security to rule out any possibility of data leakage,â said James Nason of the Swiss Bankers Association. Hardware improvements have included packages restricting access, such as fingerprint and even retina recognition systems. Banks have also adapted hardware to limit data being copied, including buying specially-adapted computers without USB ports or disc drives. But much of the focus has been on software to distinguish more effectively between data needed for everyday account operations, such as securities trading, and âcoreâ information regarding a customerâs identity. .... One trend has been to enhance data encryption to limit access. âThis is relatively easy to implement, but has the disadvantage of leaving the âkeysâ to client confidentiality with the IT people,â Mr Bardini said. End quote -- Henry Photocopies or faxes of my signature are not binding. This email has been signed with an electronic signature in accordance with subsection 7(3) of the Electronic Communications Act 2000. Digital Key Signature: GPG RSA 0xFB447AA1 Mon Nov 22 22:25:11 GMT 2010
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