The FTC “Red Flags Rule” mandating identity theft protection programs for financial institutions and a broad range of other companies will go into effect December 31, 2010. Red Flags are warning signals that should alert a business to the risk of identity theft.
While prior deadlines have been extended, companies should be prepared that this time enforcement will go into effect. If you are covered by the Rule, you must adopt effective programs to identify Red Flags and detect, mitigate and deal with identity thefts when they occur. This may require changes to your computer, information security, and/or privacy policies.
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