Cyber cash aims to introduce SET in second half of '97
The next time somebody tells you that security on the Internet is a major cause for concern and this alone is stifling the growth of electronic commerce, there's just one thing you need to do: Disbelieve!

This is what Bill N Melton - founder of Cyber cash Inc, Real-Share Inc, VeriFone Inc and Transaction Network Systems - has to say: "The only obstacle to the growth of the Net is the telecommunications network in various parts of the world. The security problems have been largely resolved. With the practices inn vogue today, it would take numerous parallel processing heavyweight machines from all over the world to break into 111 bits of encrypted code within one day, through the Net. What we use are security keys running to 1,024 bits which are a million times more secure."

"There are certifying authorities who issue certificates with passwords, public keys, private keys and what have you. Further, to ensure authenticity of usage of keys, bank stand guarantee for particular individuals and organisations.

(Courtesy The Economic Times )