An estimated nine million Americans have their identities stolen each year. Identity thieves may drain accounts, damage credit, and even put medical treatment at risk. The cost to business — left with unpaid bills racked up by scam artists — can be staggering, too. The Red Flags Rule 1 requires many...
Are you up on the ? (Sometimes it’s referred to as one of the Fair Credit Reporting Act’s Identity Theft Rules and it appears in the Code of Â鶹´«Ã½ Regulations as “Detection, Prevention, and Mitigation of Identity Theft.”) The Red Flags Rule requires many businesses and organizations to implement a written Identity Theft Prevention Program designed to detect the warning signs – or red flags – of identity theft in their day-to-day operations.
Plain Language Guidance
Tips for organizations under FTC jurisdiction to determine whether they need to design an identity theft prevention program.