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IDSP Develops Resource to Help Businesses Fight against Identity Theft

February 8, 2008 // Published as a news service by IHS

 
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The Identity Theft Prevention and Identity Management Standards Panel (IDSP) released a report to help provide businesses, government agencies and other organizations with the tools needed to protect themselves and their customers against the theft and misuse of personal and financial information.

Developed through a partnership of more than 70 organizations from the public and private sectors, the IDSP created a two-volume resource that promotes access to and implementation of tools and processes that can help to minimize the scope and scale of identity theft and fraud.

The report is available from the panel’s web site at www.ansi.org/idsp.

Panel members considered the entire life cycle of identity management: from the issuance of identity documents by government and commercial entities, to the acceptance and exchange of identity data and to the ongoing maintenance and management of identity information.

Hundreds of documents - including the applicable laws, regulations, proposed legislation, white papers and research studies and reports - are identified in the catalog.

The report also includes recommendations for business and government agencies to:

  • Enhance the security of identity issuance processes to facilitate greater interoperability between the government and commercial sectors.
  • Improve the integrity of identity credentials.
  • Strengthen best practices for authentication.
  • Augment data security management best practices such as the use and storage of Social Security numbers.
  • Create uniform guidance for organizations on data breach notification and remediation.
  • Increase consumer understanding of ID theft preventative strategies including the benefits and limitations of security freezes.

Launched in September 2006, the IDSP was established by the American National Standards Institute (ANSI) and Better Business Bureau (BBB) to identify and catalog existing standards, guidelines and best practices related to identity theft prevention.

Source: American National Standards Institute (ANSI).

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