President’s Identity Theft Task Force Report Outlines Battle Plan

President’s Identity Theft Task Force Report Outlines Battle Plan
On the heels of a recently released supervisory letter from the FDIC on Identity Theft comes the strategic plan from the President’s Identity Task Force, released on April 23. Less than 190 pages are contained in the main and supplemental report, but the plans are clearly drawn and tasks for each industry are outlined. Everyone is named in the plan from the public sector and private sector, including financial institutions.

These two volumes contain the direction from the government’s task force: Combating Identity Theft A Strategic Plan and Combating Identity Theft, Vol. 2, Supplemental Information. This report was issued by a collective 17 federal agencies, including financial institution regulatory agencies FRB, FTC, FDIC, NCUA, OCC, OTS and the SEC.

See Also: IoT is Happening Now: Are You Prepared?

All financial institutions should download this report and its supplemental information and read through each to understand the important role that financial institutions will take in the fight to combat identity theft. More coverage on the 31 recommendations: Identity Theft Task Force Report – A Look at the 31 Recommendations.


About the Author

Linda McGlasson

Linda McGlasson

Managing Editor

Linda McGlasson is a seasoned writer and editor with 20 years of experience in writing for corporations, business publications and newspapers. She has worked in the Financial Services industry for more than 12 years. Most recently Linda headed information security awareness and training and the Computer Incident Response Team for Securities Industry Automation Corporation (SIAC), a subsidiary of the NYSE Group (NYX). As part of her role she developed infosec policy, developed new awareness testing and led the company's incident response team. In the last two years she's been involved with the Financial Services Information Sharing Analysis Center (FS-ISAC), editing its quarterly member newsletter and identifying speakers for member meetings.




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