Spending on ID theft prevention to escalate at US and EU banks
TECHNOLOGY
LONDON -- Identity management is the latest hot topic in the IT security space. Numerous technology vendors are implementing aggressive marketing and branding plans to reinvent themselves as identity management providers, to try and capture a share of this market. Financial institutions, often the biggest targets of identity theft aimed at their credit card, bank account and loan products, are beginning to spend money in this area to reduce fraud losses, aid law enforcement and comply with new
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