Businesses, consumers and the U.S. government are becoming more aware of the prevalence of identity theft; however, it is the banks and other financial services providers that must take more aggressive actions to fight these crimes, according to Gartner, Inc.
The U.S. Federal Trade Commission (FTC) recommends educating consumers to be more careful in disseminating credit information. It said bank regulators should establish "red flags" that creditors should heed when granting credit, and establish stronger criminal penalties and prosecution.
Register or login for access to this item and much more
All Information Management content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access