New Identity Theft Assistance Corporation Formed
The Financial Services Roundtable and BITS have announced the formation of the Identity Theft Assistance Corporation, a non-profit industry consortium formed to pilot the Identity Theft Assistance Center (ITAC).
"We recognize the seriousness of this fast-growing crime. Building on individual financial institutions' long-standing commitment to safeguarding their customers' assets -- including their financial identity -- we are heartened that so many of the nation's leading financial institutions are stepping up in an unprecedented collaborative effort to protect our customers from this crime, and assist them in recovering should they fall victim to it," said Stan Ommen, Chairman of the ITAC Board of Directors and President of State Farm Bank.
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