By Ron L. Brown, MCE, IFCCE, CARS, CCCO
AUDIT and ALTERNATIVE DOCUMENTS REQUIRED TO PREVENT IDENTITY THEFT
The number one white collar crime in the world today is IDENTITY THEFT. This criminal act has become more prevalent due to the fact that so much data is stored and transferred electronically between the lending institutions and their various vendors. Although the lending institution, complying with data protection laws, may place stringent controls on the protection of this data while in their control there was nothing in place to insure its protection and security when it was passed to outside vendors.