FDIC Pushes Notification Guidelines
In an attempt to stem identity theft, federal banking regulators proposed guidelines for notifying bank customers of any security breaches in their computer networks that could jeapardize individual data. The propopsal directed financial institutions to alert customers directly regarding any unauthorized access to personal information, as well as flag at-risk accounts and monitor them for suspicious activity.
Plan Would Ask Banks to Warn of Data Vulnerability Washington Post, August 13, 2003
