New identity theft alert system tested

Thursday, 30 October 2003, 3:44 PM EST

The Financial Services Roundtable, which represents 100 institutions handling about 70 percent of the economy's financial transactions, is creating an Identity Theft Assistance Center to help fight the rising incidence of the crime.

"Nothing is more important to a healthy, vibrant economy than consumer confidence," said Dick Kovacevich, chairman of Wells Fargo & Co., who is handling the pilot program. "Financial institutions need to provide a single point of contact."

The Federal Trade Commission, in the most comprehensive government survey of the problem, said last month that identity theft cost consumers and businesses $53 billion last year alone. About 9.9 million Americans found that someone last year took money from their bank accounts, or obtained a credit card or official document in their name.

[ Read more ]

Related items




Spotlight

eBook: Cybersecurity for Dummies

Posted on 16 December 2014.  |  APTs have changed the world of enterprise security and how networks and organizations are attacked. These threats, and the cybercriminals behind them, are experts at remaining hidden from traditional security while exhibiting an intelligence, resiliency, and patience that has never been seen before.


Weekly newsletter

Reading our newsletter every Monday will keep you up-to-date with security news.
  



Daily digest

Receive a daily digest of the latest security news.
  
DON'T
MISS

Wed, Dec 17th
    COPYRIGHT 1998-2014 BY HELP NET SECURITY.   // READ OUR PRIVACY POLICY // ABOUT US // ADVERTISE //