Financial Firms to Share Identity Theft Data With FTC

Via ComputerWorld:

Information sharing is expected to help police with cross-border investigations

By Grant Gross
JULY 11, 2005

WASHINGTON -- A U.S. center that helps victims of identity theft plans to share consumer complaint information with the Federal Trade Commission and law enforcement agencies to improve investigations.

The Identity Theft Assistance Center (ITAC) will begin sharing information such as the types of scams reported and suspected offenders identified by victims, the center announced last week. The ITAC is supported by 48 large financial services companies.

The center plans to provide the FTC with that information in about six weeks. The FTC, in turn, will share the data with law enforcement agencies across the U.S.

Full article appears here.

-- MDT