Identity Theft

Identity theft is the fastest growing crime in the United States, affecting almost 5% of the national population - or 10 million Americans - in 2003 alone, according to the most recent, comprehensive national survey. Personal information such as Social Security Numbers, credit card and bank account numbers and home addresses are required for financial transactions. Numerous financial crimes such as phishing, spoofing and other forms of identity theft cost consumers and banks substantial sums. There are ways to protect against thieves looking to ruin consumers' good credit and render bank accounts penniless.

ICBA's Identity Theft webpage is a collection of helpful regulatory guidance documents, publications, websites and statistics to prevent these crimes. ICBA encourages its member banks to share this with your customers to help curb the effects of identity theft.







Date Title Publication
07/27/2011 Thank You for Introducing the Data Security Act of 2011 Letter to Congress
09/05/2007 Private Sector Use of Social Security Numbers Letter to Regulators
09/22/2006 ICBA Urges More Flexibility for ID Theft “Red Flags” IWR
09/18/2006 ICBA Urges Regulators to Be Flexible in Proposed Identity Theft “Red Flags” News Release
09/18/2006 Identity Theft Red Flags and Address Discrepancies under the FACT Act Letter to Regulators
08/25/2006 FFIEC Provides More Info on Authentication Guidance IWR
07/21/2006 Agencies Propose Rules to Prevent Identity Theft WWR
05/12/2006 Agencies Propose New Burdensome Rules for ID Theft WWR
02/14/2006 Community Bankers Offer Top Ten Safety Tips for Protecting Personal Information News Release
01/11/2006 ICBA/St. Paul Travelers Offer Identity Theft Insurance Coverage News Release
02/08/2005 ICBA's Comments on the FDIC's Study "Putting an End to Account-Hijacking Identity Theft" Letter to Regulators
06/10/2004 FACTA Identity Theft Rule Letter to Regulators
10/17/2003 ICBA Opposes Detailed Rules for Hacker Response Programs WWR
10/14/2003 Interagency Guidance on Response Programs for Unauthorized Access to Customer Information and Customer Notice Letter to Regulators
09/12/2003 House Clears FCRA Extension, ID Theft Bill 392-30 WWR
08/15/2003 Agencies Propose Guidance on Response Programs to Fight Identity Theft WWR
U.S. Government's Central Website for Information about Identity Theft
FDIC Guidance on Identity Theft and Pretext Calling
Federal Reserve Video: "Identity Theft: Protect Yourself"

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