Mandatory Compliance NOW - August 1, 2009
According to a report of the President’s Identity Theft Task Force, identity theft (a fraud attempted or committed using identifying information of another person without authority), results in billions of dollars in losses each year to individuals and businesses. Identity thieves use people’s personally identifying information that creates havoc for consumers and businesses.
The Red Flags Rule will affect my business, your business and virtually all businesses.
Previous statutes like GLB Safeguards Rule and the HIPAA Security rule have certain requirements, in many respects concerning keeping data private.
The Red Flags Rule is about protecting the integrity of the information you obtain, preventing Identity Theft where possible, mitigating it when it occurs and various compliance requirements of those covered by the rule
Education and Training Is KEY!
Belief in the Strength of I AM!
TR Johnson
Real Estate/Small Business Educator & Notary
404-840-9420 -- tr@home-tips-for-consumers.com
