SIA Submits Comments to the FDIC on Identity Theft
Published on:
February 11, 2005
The Information Security Subcommittee of the Technology Management Committee of the Securities Industry Association (SIA)*provides comments to the Federal Deposit Insurance Corporation (FDIC) on theFDIC’s White Paperon Identity Theft. The recommendations in the letter include: 1)clarifying the problem to be solved; 2) acknowledging the need to balance customer acceptance and risk with cost and complexity; 3) considering the landscape of threats; and 4) using technology to mitigate account hijacking.
*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.