Thursday, April 30, 2009

This Just In!

Red Flags Rule on Enforcement Eve

The FTC's Red Flags Rule goes into effect tomorrow. The rule intends to help prevent identity theft, reports "The Red Flags Rule covers what to do when, despite our best efforts, thieves steal data," said Tiffany George, an attorney for the FTC's division of privacy and identity protection. Prepping for compliance involves businesses' identifying their "red flags"--early indicators of suspicious or fraudulent activity. Compliance has come easily for some organizations affected by the rule, but for others the task has been more daunting. Some businesses have been surprised to find they fall under the rule's definition of "creditor." Full Story

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