Audit of Websites’ Security, Privacy and Consumer Practices Reveals Deficiencies Despite Overall Progress

Email authentication and adequate privacy are among key challenges for the financial sector, according to a recent audit by the Online Trust Alliance. Its 2017 Online Trust Audit & Honor Roll, an annual benchmarking analysis about security standards, privacy practices, and consumer protection, evaluates approximately 1,000 websites with over 60 criteria taking into consideration the evolving threat landscape, regulatory environment and globally accepted practices. With its goal of pushing companies past compliance to “stewardship,” the Audit results serve as a benchmarking tool for companies to compare their own practices against OTA’s list of best practices, Jeff Wilbur, Director of the Online Trust Alliance Initiative at the Internet Society, told Cybersecurity Law Report. With commentary from Wilbur, we explore the Audit’s results and recommended best practices. See also “Surveys Show Cyber Risk Remains High for Financial Services Despite Preventative Steps” (Jun. 28, 2017).

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