Presidentâ€™s Identity Theft Task Force Report Outlines Battle Plan

Linda McGlasson • April 23, 2007

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.

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.