Posted on Tuesday, November 15th, 2005 at 7:04 am
* The FDIC’s study supplement on account-hijacking identity theft is now available.
* The supplement reviews and responds to public comments on the original study.
* The supplement surveys the most recent trends in identity theft in general and account hijacking in particular.
* The supplement discusses authentication technologies that were not discussed in the study.
* The supplement presents two updated findings:
o Information security risk assessment should include an analysis to determine whether the institution needs to implement more secure customer authentication methods and, if so, which methods are the most appropriate; and
o If an institution offers retail customers access to Internet banking or any similar product that allows access to sensitive customer information, the institution has a responsibility to secure that delivery channel with a reliable form of multifactor authentication or other layered security.
* The FDIC study supplement can be found on the Web at:
