--- begin forwarded text X-Sender: oldbear@pop.tiac.net Date: Tue, 08 Apr 1997 17:58:51 -0400 To: Digital Commerce Society of Boston <dcsb@ai.mit.edu> From: The Old Bear <oldbear@arctos.com> Subject: congressman wants review of online banking system Mime-Version: 1.0 Sender: bounce-dcsb@ai.mit.edu Precedence: bulk Reply-To: The Old Bear <oldbear@arctos.com> CONGRESSMAN CALLS FOR REVIEW OF ONLINE BANKING House Banking Committee Chairman James Leach (R-Iowa) has asked the General Accounting Office to review whether the Federal Reserve has sufficiently protected its Fedwire funds transfer and security transfer system from electronic trespassing. Fedwire processes around 380,000 securities and funds transfers totaling $1.6 trillion each day. source: BNA Daily Report for Executives April 7, 1997 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ To unsubscribe from the dcsb list, send a letter to: Majordomo@ai.mit.edu In the body of the message, write: unsubscribe dcsb Or, to subscribe, write: subscribe dcsb If you have questions, write to me at Owner-DCSB@ai.mit.edu --- end forwarded text ----------------- Robert Hettinga (rah@shipwright.com), Philodox e$, 44 Farquhar Street, Boston, MA 02131 USA Lesley Stahl: "You mean *anyone* can set up a web site and compete with the New York Times?" Andrew Kantor: "Yes." Stahl: "Isn't that dangerous?" The e$ Home Page: http://www.shipwright.com/