Cover: Testimony before the National Commission of Electronic Fund Transfers.

Testimony before the National Commission of Electronic Fund Transfers.

Published 1976

by Willis H. Ware

Purchase Print Copy

 Format Price
Add to Cart Paperback10 pages $20.00

Discusses issues of security and privacy as they relate to future electronic fund transfer (EFT) systems. Security systems must be developed to counter threats to an EFT system. It will be the responsibility of the depository lending institution to perceive the possible threats and select the appropriate safeguards. Extensive means to monitor and audit EFT systems must be provided since the records reside only in computers, data are transient and opportunities to tamper with the system are radically different from present circumstances. Regarding privacy, it is important to realize that EFT records will become an attractive target for exploitation by many kinds of organizations. It will be the responsibility of EFT systems to recognize that information will be used to make fair determinations about a person, and used only in ways the individual and society collectively agree are acceptable. 10 pp.

This report is part of the RAND paper series. The paper was a product of RAND from 1948 to 2003 that captured speeches, memorials, and derivative research, usually prepared on authors' own time and meant to be the scholarly or scientific contribution of individual authors to their professional fields. Papers were less formal than reports and did not require rigorous peer review.

This document and trademark(s) contained herein are protected by law. This representation of RAND intellectual property is provided for noncommercial use only. Unauthorized posting of this publication online is prohibited; linking directly to this product page is encouraged. Permission is required from RAND to reproduce, or reuse in another form, any of its research documents for commercial purposes. For information on reprint and reuse permissions, please visit www.rand.org/pubs/permissions.

RAND is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.