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What security framework is widely used throughout Web services?

We are trying to implement Web services on a huge telecom product. The data that needs to be passed on the wire is critical and should be secure. Can you please advise me on the security framework that can be used? Performance and response time is also very critical. I am confused with all these WS-Security specifications. I would like to know what is the widely used security framework.
SAML is the best approach right now, and supports the notion of identity management, critical to leveraging secure Web services. Thus, leverage vendors and toolkits that support SAML.

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