A recent alert published by Pepper Hamilton LLP attorneys Greg Paw and Travis Nelson notes that U.S. Attorneys in Philadelphia and New Jersey recently introduced a new initiative to combat identify thefy and stepped up their enforcement efforts against financial fraud. As the alert states:
Frequently, companies of all sizes have been frustrated in their efforts to investigate small incidents of identity theft . . .. The new NICLE program will help to change this. Now, whether an investigation is initiated by law enforcement or referred to law enforcement after having been investigated by private investigators or attorneys, patterns of criminal activity will be more recognizable. Companies will have greater incentive to make reports, and law enforcement will have increased information to catch identity thieves before they move on to their next individual or corporate victim.
The alert also includes tips for companies to implement a successful financial fraud prevention program. To read the full alert, click here.