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Better Cyber Security Problematic, Says US Financial Industry: Power Struggle Over Encryption

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A decision to keep third party listeners out of communications on the internet taken by the Internet Engineering Task Force (IETF) at their recent meeting in London elicited an alarmist message from the US financial industry. The premier internet standardisation body would provide “privacy for crooks,” and practically prohibit “bank security guards from patrolling and checking particular rooms” online, BITS, the technology division of the Financial Services Roundtable, argued in a press release last week. Has standardisation gone rogue?

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