Learning to Live With the Reality Of Breach Risk

Behrman, Dennis
November 2005
Bank Technology News;Nov2005, Vol. 18 Issue 11, p62
Trade Publication
Reports on the growth of security breach or theft of consumer identity data in the U.S. Use of fraudsters with Social Security numbers, first and last names, dates of birth, account numbers and other personal information to access financial accounts; Indication on the need for financial institutions to explore the purpose-built technologies that can thwart a thief's effort to perform a crime; Role of real-time assessment of the identities attached to existing accounts to deter fraudsters.


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