12-23-96: "White House Seeks Input on Electronic Commerce Policy" "A Framework for Global Electronic Commerce," will be available at: http://www.whitehouse.gov . The draft report does not address in detail the Administration's policy on encryption. "Vendors coalesce on encryption" An analyst said he expects the vendors "to get pretty inventive" in circumventing rules, such as by reregistering their headquarters in Bermuda if the regulations are perceived as unworkable. "Expert warns of lax security on Web" Dan Farmer, citing his just-completed study, says up to two-thirds of certain Web sites, including reputable institutions like banks and the media, are vulnerable to hacker attacks. "ITAA Airs Concerns on Encryption Regs" ITAA asked President Clinton to intervene to modify the draft regulations before they go into effect in any form. ----- MOD_ify