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IT Debate: Security at a price

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Visa may have a new security solution for online transactions, but Gartner says you can expect it to change little on the Web. While the password-based software does punch up security, the cost of implementation could outweigh the enhanced protection.

Will you invest in Visa's new software, or do you think it's a waste of money? How do you think it stands up as a solution? Do you think this effort will take off? Is this security initiative worth the costs? What more should financial institutions be doing to increase security?

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by palani selvam

Providing secured transaction and the latest security features really drives the customer with confidence to make out online business. But the critical factor here is the cost. But I can strongly say that lagging in providing the secured infrastructure the financial institution is really going to set back in the e-race. So its very necessary to put the minds of financial mathematics (like ROI,TCO, Value added analysis...),Strategy,technical feasibility to arrive at the solution to really build up agile business. Then gradually synchronizing the future requirements. Never technology should burn your finger rather than enabling it.
Further the tips to me remembered is that no one can just provide ideal 100% secured system. So before designing the system the breaching threats should be identified in accordance to their area and build up the security accordingly. Its necessary to spend for security but it can be optimized with proper mathematics and paperwork.

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