BankInfoSecurity.com Offers Webinar on Identity Theft

Princeton, NJ, August 17, 2007 --(PR.com)-- What can financial institutions do to fight identity theft? Data protection regulations, both on a federal and state level require stringent compliance with and examination of banking institutions’ ability to protect and safeguard sensitive personal information.

The regulatory agencies for banks and credit unions, the Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of The Currency (OCC), the Office of Thrift Supervision (OTS), and the National Credit Union Administration (NCUA) all have issued supervisory letters and guidance advising institutions how to best approach the Identity Theft problem. Other federal regulations and laws such as GLBA and the Identity Theft and Assumption Deterrence Act are meant to protect consumers from identity theft.

In this webinar offered on September 11, attendees will hear from four federal regulatory agencies on what are some of the best practices financial institutions can implement and use to fight identity theft. The presenters will speak to what regulations financial institutions need to be compliant with to better protect customer data from identity theft, and will also discuss what regulators are expecting to find at your institution for data protection, employee awareness and customer education practices. They will also outline some of the possible changes that may arise if further legislative bills are passed in Congress and how best to prepare your institution to comply with them.

Click here for more information: http://www.bankinfosecurity.com/webinarsDetails.php?webinarID=49.

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