The Risks of Identity Fraud

I don't think any regulatory agency in the world would regard themselves as exceptionally well placed to deal with cybercrime, says ASIC chief. The risks to which you're exposed or were exposed back then are several orders of magnitude less than what they are now. I had to go into a bank branch yesterday to once again supply documents to prove that I am who I say I am. That's under KYC provisions, no, your customer provisions, very sensible. And by the way, that issue raises its head because of the interconnection and how our financial system is wired.