Once you understand the basic principle behind the Red Flags Rule, creating a written Indentity Theft Program becomes easier to achieve. Notice the operative word is ‘easier’, not easy. We’ve discovered a website that offers valuable insight into designing an Identity Theft Compliance program of your own. Based on a template developed by the FTC, the federal agency that enforces a number of consumer protection laws, you will build your program using a four step process. Here’s help with your efforts to implement an Identity Theft Prevention Program in your organization.
This website, http://www.ftc.gov/redflagsrule is based on Fighting Fraud through optimizing your ability to detect suspected cases of Identity Theft before they occur. Using an online interview approach, you will complete answers to questions that force your thinking into a pattern of detecting and mitigating areas where your credit union may be vulnerable to identity risks.