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65% of major US banks have failed web security testing

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letsbecarefuloutthereWebsites run by some of the largest banks in the US have scored the poorest in a new security and privacy analysis audit. The non-profit Online Trust Alliance (OTA) Alliance anonymously audited more than 1,000 websites, ranking their security and privacy practices.

None of the sites investigated knew about the test.

In the firm’s Online Trust Audit & Honor Roll for 2017 many US banks were among the worst for security and privacy. The industry had both the most failing grades and the least “Honor Roll” recipients.

For firms to receive the Honor Roll award, they must achieve an overall score of 80% or higher across three categories: consumer protection, security and privacy. A failure in any of the three squashes its chance entirely.

Read the full story at IBS Intelligence