This conference was rescheduled in respect for the loss of our colleagues and fellow citizens in the tragedy of September 11. But the fact that the conference is going forward in cyberspace is a testimony to American perseverance, to our technology, and to our flexibility.
With the interlinking of ATMs, the customer has been further transformed into constituent of the financial sector rather than a bank. Alongside, the banking sector has made significant efforts to identify security gaps in an IT enabled scenario and have addressed them effectively as well. The time is now appropriate to review the adequacy of the measures taken by banks.