Know Your Red Flags For The Identity Theft Red Flag Rule

Law360, New York (April 16, 2014, 10:43 AM EDT) -- Given the recent media focus regarding data privacy and identity theft concerns, now is the time for businesses to review their policies and practices and determine if the identity theft red flags rule is applicable. If so, businesses must develop identity theft prevention programs.

In November 2007, the Federal Trade Commission, along with other federal agencies, adopted joint rules and guidelines under the Fair and Accurate Credit Transactions Act to amend Section 615(e) of the Fair Credit Reporting Act of 1970.[1] The FCRA, as amended by...
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