The Better Identity Coalition appreciates the opportunity to provide comments to the Office of the Comptroller of the Currency (OCC), Federal Reserve System (FRS), and Federal Deposit Insurance Corporation (FDIC) on its Request for Information on Potential Actions To Address Payments Fraud.
With regard to this RFI, we believe the key point for OCC, the FRS, and FDIC to understand is that a significant portion of payments fraud is tied to compromises of identity or authentication – and that the government has a significant role to play in addressing deficiencies in identity and authentication infrastructure that have made it easy for adversaries to perpetrate this fraud.
Reda the full filing here.
