|
|
Article: Financial Institutions Rely on Social Security Numbers To Prevent Identity Theft, FSCC Says.
- Article from:
- PR Newswire
- Article date:
- November 8, 2001
CopyrightCOPYRIGHT 2001 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
WASHINGTON, Nov. 8 /PRNewswire/ --
John Dugan, legal counsel to the Financial Services Coordinating Council (FSCC), testified today before a joint hearing of the House Financial Services Oversight and Investigations Subcommittee and the Ways and Means Social Security Subcommittee on the central role Social Security numbers (SSN) play in preventing identity theft.
"Social Security numbers provide the best unique identifier that financial institutions can use to determine whether an individual is really who he says he is," said Dugan. "Without access to this unique identifier, crimes like identity theft and money laundering would be more rampant."