Internet Banking News
August 1, 1999
1) The Year 2000 interagency fraud alert issued earlier this month would
make a good link off Your Bank's Year 2000 web page. I have reproduced the statement in
htm format, which you can copy to make your own web page at http://www.thecommunitybanker.com/y2k_fdic7699.htm
or you can refer your visitors to this link.
2) This week the Clinton administration has proposed a plan in which the FBI would oversee
a computer monitoring system intended to protect the nation's data networks from intruders
was reported by The New York. The Federal Intrusion Detection Network, or Fidnet, would
alert authorities to computer attacks that could cripple government operations or the
nation's economy. The system, to be implemented by 2003, also calls for monitoring
activities on non-military government networks and those in key industries such as
banking, telecommunications and transportation. This week the United Kingdom recommended
changing the Data Protection Act to allow for monitoring bank accounts, tax returns, and
COMMENT - How do you feel about the government having access to your bank's Internet
activities? In order to monitor for "hacking" it would seem to me that the FBI
will need access to your Internet files. Please e-mail me your thoughts about the
government monitoring your Internet activities for intruders.
3) INTERNET SECURITY - Last week I covered three issues that should be included in your
information system's security policy. Prevention was discussed last week. This week I am
covering "detection" which is:
Detection measures involve analyzing available information to determine if an information
system has been compromised, misused, or accessed by unauthorized individuals. Detection
measures may be enhanced by the use of intrusion detection systems (IDSs) that act as a
burglar alarm, alerting the bank or service provider to potential external break-ins or
internal misuse of the system(s) being monitored.
Next week I will cover Response.
IN CONCLUSION - If you have had an IS examination that dealt with your Internet
activities, I would appreciate hearing about what issues the examiners covered.