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ZD Net has an interesting article about the whether banks will make the federal web security deadline set for December 31. The article is definitely worth taking the time to read. We have an excerpt below:

By way of its sister publication ComputerWorld, InfoWorld has a report card on how banks are doing in terms of meeting a multifactor online banking authentication deadline that was issued by the Feds last October. But after reading the report, you can’t help but wonder if the banking industry has a bit of a laissez-faire attitude about the whole thing. Wrote the story’s author Jaikumar Vijayan:

“But a majority of U.S. banks appear unprepared to meet the Dec. 31 deadline for complying with the guidelines, several analysts said last week. They placed much of the blame for the current lack of preparedness on the fact that the guide-lines aren’t mandatory and don’t specify what form of strong authentication banks should implement…..Jonathan Eber, a senior product manager at P&H Solutions in Boston, said he’s still seeing a spectrum of attitudes toward the FFIEC guidelines. P&H sells software and services for linking banks with corporate customers. About 35 percent of the banks that the company works with have “a sense of urgency about this,” Eber said. “There is a middle part of the bell curve where people say, ‘I know I have to do it, but I’ll be in compliance by Q1 or Q2 of next year.’ And there are some who say, ‘This doesn’t apply to me at all.’ ” “

Read the full story at ZD Net