Identity theft (IT) has been a feature of financial markets for as long as alternatives have existed to cash transactions. But IT has recently occurred on a much larger scale. Data breaches often involve the apparent loss or acknowledged theft of the personal identifying info. of thousands -- or millions -- of people. IT poses risks, not only to individuals, but to the integrity a efficiency of the payment system -- the policies, procedures, a technology that transfer info. for authenticating a settling payments among participants. Either represents a loss of efficiency for the economy. This article looks at the nature of IT today a the factors driving its rapid growth. Also explores whether markets are able to limit the risks IT poses to the payment system. Graphs.The instruction guide defines a public school as aquot;any school or college controlled and supported by a local, county, State, ... kindergarten, and schooling which leads to an elementary school certificate, high school diploma, or college degree.
|Title||:||Risks of Identity Theft: Can the Market Protect the Payment System|
|Author||:||Stacey L. Schreft|
|Publisher||:||DIANE Publishing - 2008-05|