Bestor Ward on Preventing Indentity Theft- Testimony Before US House of Representatives Committee on Financial Services

“Often times, greater regulation is not the answer to our countries problems.  However, in the context [of data security], we believe it is appropriate… the costs of identity theft are enormous.  Beyond the billions of dollars of losses to customers and businesses, it is difficult and expensive to capture and prosecute perpetrators of this crime.  It is much easier to prevent those crimes in the first place by eliminating the criminal opportunity.” Bestor Ward, Expert Testimony before US House of Representatives Committee on Financial Services, May 2005