Identity theft poses risks to consumers and the safe and sound operation of financial institutions.
The FDIC has well-defined expectations of how institutions should detect and prevent ID theft and mitigate its effects.
The attached policy lays out the FDIC's approach to addressing identity theft, and contains standards that institutions are expected to meet to protect customers' sensitive information and notify them of compromises in appropriate circumstances.
The FDIC believes that consumer education has an important role to play in helping to prevent identity theft and will continue its consumer education efforts during 2007.
FDIC-Supervised Banks (Commercial and Savings)
Chief Executive Officer
Chief Information Security Officer
FFIEC Information Security Handbook, issued July 2006
FIL-18-2006, Fair Credit Reporting Act - Revised Examination Procedures (See module 5), February 22, 2006
FIL-103-2005, Authentication in an Internet Banking Environment, October 12, 2005
FIL-66-2005, Guidance on Mitigating Risks From Spyware, issued July 22, 2005
FIL-64-2005, Guidance on How Financial Institutions Can Protect Against Pharming Attacks issued July 18, 2005
Guidance on Response Programs for Unauthorized Access to Customer Information and Customer Notice, April 1, 2005
FIL-27-2004, Guidance on Safeguarding Customers Against E-Mail and Internet Related Fraud, issued March 12, 2004
Interagency Informational Brochure on Phishing Scams, contained in FIL-113-2004, issued September 13, 2004
Supervisory Policy on Identity Theft
Senior Policy Analyst Jeffrey Kopchik at (202) 898-3872 or JKopchik@fdic.gov, or Policy Analyst (Compliance) David Lafleur at (202) 898-6569 or firstname.lastname@example.org
FIL-32-2007 - PDF 90k (PDF Help)
FDIC financial institution letters (FILs) may be accessed from the FDIC's Web site at www.fdic.gov/news/news/financial/2007/index.html.
To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html.
Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center, 3501 Fairfax Drive, E-1102, Arlington, VA 22226 (1-877-275-3342 or 202-416-6940).