Identity Theft: Where Do We Go From Here?

Topics:
Commercial Banking
Tags:
Federal Reserve Bank Of Philadelphia,
Finance,
Financial,
Financial Accounting,
Identity Theft,
Security
Source:
Federal Reserve Bank of Philadelphia

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Overview: This paper discusses identity theft, which is a growing financial crime that affects many segments of our society - consumers, merchants, and credit providers, among others - with direct financial losses. In addition, consumers, in particular, are faced with significant indirect costs stemming from the compromise of their credit files. Such injurious consequences have led to heightened consumer concern about the security of personal information and the price of financial relationships. Credit card companies and others in the consumer payments business are especially vulnerable to any such erosion of consumer confidence.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: PDF | Size: 290KB | Date: Apr 2004 | Pages: 22

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