Answer:
This is why written procedures should be developed and periodically amended to cover various scenarios. Obviously, it would be impossible to anticipate every method. I would suggest that you review the potential risk of loss to your financial institution should you leave the other accounts open based on the facts of the current situation. Was the victim's checkbook stolen? If so, then possibly only that account would be affected and you could leave the others open. However, if the victim's SSN was compromised then there is a possibility of exposure to all accounts.
First published on BankersOnline.com 3/12/07