US FTC study sparks call for legislation
The US Federal Trade Commission (FTC) published a study at the beginning of September that has spurred the US Congress to move speedily on legislation designed to help prevent identity theft. The subject has already been the focus of considerable energy by legislators and regulators so far this year (see Operational Risk, September 2003, page 2).
The FTC study shows that more than 27.3 million people in the US were victims of identity theft over the past five years, including 9.9 million over the
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