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Gold/Mining/Energy : Diversinet ( DVNTF / DVNT ) aka

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To: jjs64 who wrote (1205)	5/10/2000 3:59:00 PM
From: StockDung	of 1242

"Technology companies such as Microsoft are working to create multifunctional smart cards. ``Today almost no corporations are using this. There's a lot of work to be done,'' Gates said." Gates Urges Use of Smart Cards By ANGIE WAGNER .c The Associated Press LAS VEGAS (AP) - Microsoft Corp. chairman Bill Gates urged other technology companies to forge ahead in adopting smart cards instead of passwords as a way of ensuring security on the Internet. ``The weakest link in security is the fact that passwords are used,'' Gates said during his keynote speech Tuesday at the NetWorld+Interop 2000 conference, a six-day computer networking event attended by about 60,000 people. Customers who want to buy products, bank or pay bills online usually have to choose a password when they register with the site. But Gates said that system wasn't secure because thieves can call online companies and pose as customers who forgot their passwords. Last year, the Federal Trade Commission received nearly 18,000 complaints of Internet consumer fraud, including allegations about online auctions and sales of computer hardware and software. The Securities and Exchange Commission gets 200 to 300 complaints a day about possible securities fraud on the Internet. Gates said the Internet needs to move away from passwords and into the use of smart cards, which are embedded with a silicon chip that stores value and keeps track of how much money is spent. They can also store personal information and computer files. On a personal computer, a smart card would be inserted or swiped into a small device and any Internet site would recognize the customer instantly. Smart cards are used in Europe and parts of Asia and Latin America, but they haven't caught on in the United States. Instead people here use credit or bank cards as methods of payment. Technology companies such as Microsoft are working to create multifunctional smart cards. ``Today almost no corporations are using this. There's a lot of work to be done,'' Gates said. Gates said he was calling on the industry to work together to integrate the smart cards and make security measures stronger and affordable. AP-NY-05-09-00 1748EDT

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