Chair, I'd just like to make one point on that. I think it can be helpful to separate two different categories of identity fraud here. First are these mass market credit cards where the industry has basically made a decision to risk more fraud in exchange for more transactions. The cost of that is borne by consumers in the broad base of consumers through higher interest rates and fees, as Susan Sproule said earlier. As long as the individual consumer is being reimbursed by the financial agency and not held liable for the fraud, it doesn't have the same impact as the kind of individual identity theft and fraud where the individual victim does have to deal with all of the financial fallout.
On April 29th, 2014. See this statement in context.