FDIC issues supplement on identity theft

Bank News, August, 2005 by Anonymous

A supplement to its Dec. 14, 2004, study on account-hijacking identity theft (FIL-132-2004) has been issued by the FDIC.

Among supplement highlights:

- The supplement reviews and responds to public comments on the original study.

- The supplement surveys the most recent trends in identity theft in general and account hijacking in particular.

- The supplement discusses authentication technologies that were not discussed in the study.

- The supplement presents two updated findings: Information security risk assessment should include an analysis to determine whether the institution needs to implement more secure customer authentication methods and, if so, which methods are the most appropriate; and if an institution offers retail customers access to...

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