Tag: Red Flags

  • Trust and Risk Online

    In a recently released paper by the Brookings Institute, they address the issue of trust in an increasingly on-line business environment.  They focus on the difficulty of establishing, maintaining and verifying identity on-line, and how the trust relationship between on-line services and consumers is being threatened by weaknesses in this identity layer component. Although the…

  • Red Flag enforcement to start 12/31

    With the signing of legislation on 12/18 exempting certain health care  practitioners and other businesses from complying with the Red Flags Rules, it would seem to clear the way for enforcement to begin at the end of this month.  Financial institutions have had to comply with the guidelines since 1/1/2008, but regulatory enforcement has been…

  • ID Theft and SAR filings

    In the past, authoritative reports on identity theft have used surveys conducted with the general public to collect ID theft related data. However…

  • Reg Flag enforcement delayed until 12/31/10

    The FTC has decided to further delay the enforcement of the “Red Flags” rule (although this does NOT affect the original 11/1/2008 deadline for compliance). This is the second delay since the rule became effective 1/1/2008. Institutions should have a policy and procedures in place NOW, as examiners will undoubtedly be checking policy revision and…