If you feel you do not meet the requirements of the Red Flag Rules, you are still responsible under the FACTA Rules. Please consultant your general counsel.
Informational site concerning Identity Theft in the work place and as an Individual.
Identity theft occurs when someone uses personally identifying information -- name, Social Security number, or credit card number -- without express permission, to commit fraud or other crimes.
Did you know an Identity Breach happens every 3 seconds and you think this is not a problem.
Some of the most at risk departments include human resources (45 percent), finance and accounting (40 percent), and information technology (38 percent).
FTC has extended the date for compliance with the Red-Flag Rule.
a. On Page 10, the responsibility of having an Identity Theft Mitigation Program, Training, and an Information Security Officer in place falls on the Board of Directors.
b. On Page 15, it further states that if a "Board of Directors" does not exist, Responsibility falls on "A designated employee at the level of Senior Management".
C. On Page 21, "Identity Theft" is defined as "a fraud Committed or Attempted using the personal identifying information (PII) of another person without authority."
D. On Page 22, it designates that the loss of "One single piece" of Personal Identifiable Information (PII) constitutes an "Identity Theft" and places the "at fault company" under penalty provisions of the FACT Act of 2005.
Read FTC Booklet Protecting Personal Information - A Guide for Business (pages 16,17,19 in the booklet)
Click to watch The Crime of the Millenum
The Fair Credit Reporting Act
Gramm-Leach-Bliley Act
Fair and accurate credit transaction act
State Security Breach Notification Laws
The Health Insurance Portability and Accountability Act of 1996 (HIPAA) Privacy Rule
Federal Trade Commission RED FLAG RULES prompts City Council to Act
Click on the Pictures below. (MAKE SURE YOU USE YOUR BACK BUTTON TO GET BACK TO THIS PAGE
