Fergie's Tech Blog

Finance Firms To Give FTC ID Theft Data

Roy Mark writes in internetnews.com:

The financial services industry is pooling its own data on identity theft victims with the Federal Trade Commission (FTC) and law enforcement groups.

The Identity Theft Assistance Center (ITAC), a program funded by the 48 participating financial services companies that are Members of the Identity Theft Assistance Corp., said Tuesday it was moving beyond its original goal of counseling for identity theft victims.

Ann Wallace, the group's executive director, said ITAC has information on approximately 2,000 cases and the data would be available to the FCC within a matter of weeks.

"We want to get this information into the hands of law enforcement officials all over the country," she said. "They [law enforcement] are often hampered by jurisdictional boundaries. With this information, they can find multiple victims and it'll be so much easier to make a case."

The data on the cases will go directly to the FCC's Consumer Sentinel Network, which has more than 1,300 federal, state and local law enforcement members. Through the FCC database, members can access identity theft data.

posted by Fergie @ 7/05/2005 09:50:00 AM