Letters fraudulently claiming to be from the FDIC are requesting that financial institutions deposit official or cashier's checks into customer accounts.
The Federal Deposit Insurance Corporation (FDIC) has become aware of letters that appear to be sent from the FDIC to financial institutions in the United States...
The Financial Crimes Enforcement Network (FinCEN) today filed a Federal Register notice announcing the delayed implementation of certain revised Suspicious Activity Report (SAR) forms that were scheduled to become effective on June 30, 2007. The agency is withdrawing this effective date for the revised SAR forms for...
President Bush's Identity Theft Task Force today released its strategic plan for combating identity theft, the top consumer fraud reported to the Federal Trade Commission. It is an identity theft road map of the planned actions of the 17-agency task force.
Treasury Deputy Assistant Secretary for Critical...
The Federal Deposit Insurance Corporation (FDIC), a participant in the government-wide Identity Theft Task Force, will provide a direct link to the new, centralized government Web site on identity theft.
The new site, www.idtheft.gov, was launched today. Initially, the site will provide the Task Force's Strategic...
The Federal Deposit Insurance Corporation (FDIC) has announced a series of steps intended to provide regulatory relief to financial institutions and to facilitate recovery in counties most affected by recent severe storms and tornadoes in eastern New Mexico.
Highlights:
* Severe storms and tornadoes that...
Why GAO Did This Study
For many years, GAO has reported that weaknesses in information security are a widespread problem with potentially devastating consequences—such as intrusions by malicious users, compromised networks, and the theft of personally identifiable information. In reports to Congress since...
In its decision today in the Watters vs. Wachovia Bank case, the Supreme Court held that federal preemption standards applicable to national banks extend to activities conducted through their operating subsidiaries. Specifically, the Court held that a national bank’s mortgage business, whether conducted by the...
Summary: The FDIC, the other federal financial institution regulatory agencies, the Securities and Exchange Commission, the Federal Trade Commission, and the Commodity Futures Trading Commission (the agencies) have jointly published the attached Notice of Proposed Rulemaking (NPR) seeking comment on a model privacy...
Identity theft is fraud committed or attempted by using the identifying information of another person without his or her authority. Identifying information may include such things as a Social Security number, account number, date of birth, driver's license number, passport number, biometric data and other unique...
The Office of the Comptroller of the Currency will host a compliance risk workshop for national community bank directors at the Omni Charlottesville Hotel, Charlottesville, Virginia, May 2.
The workshop entitled, "Compliance Risk: What Directors Need to Know," provides practical information that expands bank...
The federal bank and thrift agencies on Tuesday requested public comment on proposed interim rules expanding the range of small institutions eligible for an extended 18-month on-site examination cycle. The proposed interim rules allow well-capitalized and well-managed banks and savings associations with up to $500...
Because of the integration of voice and data in a single network, establishing a secure VOIP and data network is a complex process that requires greater effort than that required for data-only networks. In particular, start with these general guidelines, recognizing that practical considerations, such as cost or legal...
Highlights:
- Severe thunderstorms and tornadoes have resulted in significant damage in Sumter County, Georgia, and Coffee County, Alabama.
- The FDIC is encouraging banks to work constructively with borrowers who are experiencing difficulties beyond their control because of damage caused by the storms.
-...
The government’s interest in using technology to detect terrorism and other threats has led to increased use of data mining. A technique for extracting useful information from large volumes of data, data mining offers potential benefits but also raises privacy concerns when the data include personal...
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