The Federal Trade Commission (FTC) is providing resources, via a new Web site, for entities covered by the Red Flags Rule to enable them to design and implement identity theft prevention programs.
The Rule requires creditors and financial institutions to develop written programs to identify the warning signs of identity theft, detect them when they occur, and take appropriate measures to respond to those warning "red flags." Entities under the FTC's jurisdiction were set to comply on November 1, 2008; this has been delayed until November 1, 2009.
To access the resources and handbook that provides guidance on how to design and implement an identify theft prevention program visit www.ftc.gov/redflagsrule.
Download the handbook: Fighting Fraud with the Red Flags Rule: A How-to Guide for Business
Not sure if this information applies to you or your clients? Do you have concerns with information security and breach risks? View the FTC's information security video tutorial.