Red Flags Rule In Effect May 1, 2009

The Red Flags Rule requires many businesses and organizations to implement a written Identity Theft Prevention Program designed to detect the warning signs – or "red flags" – of identity theft in their day-to-day operations. Are you covered by the Red Flags Rule? Read Fighting Fraud with the Red Flags Rule: A How-To Guide for Business to:

*Find out if the rule applies to your business or organization;
*Get practical tips on spotting the red flags of identity theft, taking steps to prevent the crime, and mitigating the damage it inflicts; and
*Learn how to put in place your written Identity Theft Prevention Program.

By identifying red flags in advance, you'll be better equipped to spot suspicious patterns when they arise and take steps to prevent a red flag from escalating into a costly episode of identity theft. Take advantage of other resources on this site to educate your employees and colleagues about complying with the Red Flags Rule.

To learn more, visit this website put together by the Federal Trade Commission.

The full guide is here as a PDF file.

This article by The “Red Flags” Rule: Are You Complying with New Requirements for Fighting Identity Theft? by Tiffany George and Pavneet Singh is an easy to read explanation of who must comply and how they must do it.