8-19-95. NYPaper: Whitfield Diffie OpEd: "Washington's Computer Insecurity." The Federal Government has refused to allow companies to export strong encryption systems, insisting that cryptography is a military weapon. If the Administration does not fundamentally alter its position, it is likely that our high-tech industries, which sell more than half their products outside the country, will continue to be forced to sell programs with weak security systems. This will pave the way for foreign companies to grab what is expected to become a huge market for properly safeguarded computer communications. "Citibank Fraud Case Raises Computer Security Questions." A $10 million computer fraud against Citibank appeared to be the first successful penetration by a hacker into the systems that transfer trillions of dollars a day around the world's banks. New details of the case were disclosed as a Federal complaint was unsealed in Manhattan. The hackers were accused of breaking into Citibank's cash management system, a network that allows its corporate customers to transfer money to any bank account in the world. Banking experts said similar breakins were bound to occur at a time when more powerful personal computers are available. Since the break-in, Citibank has required customers to use an electronic device, that creates a new password for every transfer. Two: HAQ_kof (11kb)
participants (1)
-
John Young