Banking/Financial Services: ID issues \ Identity Theft
Quick Bytes: ID theft
By Peter Piazza
With identity theft costing Americans billions of dollars each year, financial institutions are under pressure to make account information more secure. The Federal Deposit Insurance Corporation (FDIC) has issued a study of ID theft and account hijacking in which it outlines technological tools and other recommendations designed to mitigate this threat. @ Putting an End to Account-Hijacking Identity Theft is available via SM Online.
A bill (H.R. 2431) introduced by Rep. Bennie Thompson (D-MS) would make it a federal crime to use falsified travel documents. Under the measure, it would be illegal to produce, transfer, possess, or use false travel documents. The bill would also provide training for transportation security officers on the best methods to identify false documents.