Federal Regulators Push Banks To Focus On Identity Theft And Make Banking Systems More Secure

Fortify security New rules intended to deter identity theft - Kansas.com

Tighter security measures "...could cost banks tens of thousands or hundreds of thousands of dollars to implement." But "...as unfunded mandates go, bankers said this one is a little easier
to accept, given the fact that customers expect banks to spare no
expense when it comes to protecting their money and information." Unfortunately, "You can never stop the fraud," says Keith Moyer, Commerce Bank senior vice president and treasury services manager. "The best thing you can do is mitigate your risks and slow it down." "There will always be someone who can beat the system."

Fortify security New rules intended to deter identity theft Kansas.com,?KS?- 21 hours ago ... They're specifically focused on identity theft. ... User names and passwords aren't effective enough to reduce fraud and identity theft. ...

technorati tags: Identity, Theft, Banks, Fraud, Federal
Regulators