Anne Wallace is president of the Identity Theft Assistance Center. Wallace: Financial institutions must implement best practices to protect their customers’ identities. Wallace is a nationally recognized expert on privacy, financial services and payments law. She says financial institutions must stay ahead of fraud risks associated with emerging technology, such as mobile banking and social networking. Wallace: “Identity fraud is such an awful emotional experience; and it’s difficult to recover from. Identity fraud is something that we see quite a bit in the news””]
Source: https://www.cuinfosecurity.com/how-to-protect-consumers-from-id-theft-a-2891