Regulators Issue New ID Theft Awareness Brochure

The federal banking regulatory agencies have issued a revised brochure, "You Have the Power to Stop Identity Theft," which is designed to help consumers prevent and resolve identity theft-related crimes.

The brochure is also available to download from the websites of the Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, National Credit Union Administration and Office of Thrift Supervision.

The brochure's main focus is on phishing, detailing how the ploy works and how to avoid it. Financial institutions have been educating their customers about this type of identity theft. Recent phishing emails purporting to come from the IRS, the FDIC and even the FBI have joined the flood of phishing emails that look like they are coming from their bank or credit union.

Financial institutions are recommended to offer this brochure on their website as part of their customer awareness, and with the November 1, 2008 deadline for compliance with the ID Theft Red Flags regulation, this brochure can be used to help thwart identity thieves where they first start - at the consumer.

The brochure also offers the contact information for the three major credit bureaus, Equifax, Experian and TransUnion, and details the steps that a person should take if their information is taken.

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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