(ContentDesk) July 13, 2006 -- Personal information of more than 500,000 clients was stolen through online banking access from Wachovia and Bank of America. What can the CSO do to counter these thefts and to make the customers online banking experience secure? By the end of 2006 all US financial institutions have to improve their online banking security measures to comply with an FDIC initiative. Compliance with this initiative will require institutions with online financial transactions to have more than one way of authentication. This process involves more than one step of customer identity verification. Verification that is necessary as a countermeasure to identity theft.

What are the additional cost factors to this multi-layered verification process? Do the costs outweigh the risks of not having additional verification measures in place? Join the FDIC and two of the leading banks in the US as our speakers discuss authentication requirements in online banking security and how Wachovia Corp. and Washington Mutual are guarding against future ID theft and data corruption.The Online Banking Security Web Conference will take place on Friday, July 28, 2006, from 1:00pm  3:00pm EDT. Register: http://xtalks.com/bankingSecurity.ashx#spk2The web conference is sponsored by:Ping Identity Corporation - Our solutions for consumer authentication, federated web single sign-on and service-oriented architectures enable organizations to improve customer security, expand collaboration with trading partners, and reduce the burden of regulatory compliance. www.pingidentity.comPowerTech - PowerTech is your security expert that manages evolving compliance and data privacy threats with automated security solutions for IBMs System i (formerly AS/400) servers. www.powertech.com/finance.htmlAuthentium - Authentium enables ISPs, banks, carriers and portal operators to offer state-of-the-art security software under their own brands, grow revenues, and maintain industry-leading levels of efficiency and performance.

http://authentium.com About XtalksXtalks (recently featured in the London Times article Conference call that spans the globe: http://business.timesonline.co.uk/article/0,,9075-1364240,00.html) brings industry experts to executives desktops around the world in a web-based information network that provides insight into breaking business issues through interactive digital web conferences. Xtalks web conferences allow anyone with interest in a particular topic to participate in a web meeting by synchronizing their desktop computer and phone alongside industry experts. Xtalks is part of The Honeycomb Worldwide Group of Companies. Honeycomb Worldwide creates peer-to-peer business-oriented social networking communities, connecting senior level executives by delivering content through new and established media channels. www.honeycombworldwide.comFor more information on this conference or Xtalks in general, or to enquire about speaking opportunities or sponsoring future events, visit www.xtalks.com or contact Karen Anderson, Chief Marketing officer, at 312-977-1166Register: http://xtalks.com/bankingSecurity.ashx#spk2.