With a multitude of states trying to protect their citizens when it comes to breaches of personal data security, it is becoming increasingly difficult to manage compliance with this patchwork of laws. The Data Accountability and Trust Act (H.R. 2221) proposed in Congress proposed to preempt state laws and make regulation of data security a … Read more »
Tag: FTC
Identity Theft Program Template for Low-Risk Entities
The Federal Trade Commission published a compliance template designed to assist financial institutions and creditors “at low risk for identity theft” in developing the Identity Theft Prevention Program required by the FTC’s Identity Theft Red Flags and Address Discrepancies Rule: Complying with the Red Flags Rule: A Do-It-Yourself Prevention Program for Businesses and Organizations at … Read more »
FTC Will Grant Six-Month Delay of Enforcement of ‘Red Flags’ Rule
The FTC announced that they will suspend enforcement of the new “Red Flags Rule” until May 1, 2009, to give creditors and financial institutions additional time in which to develop and implement written identity theft prevention programs. The Identity Theft Rules are found at 16 C.F.R. Part 681.2. The FTC published a FTC Business Alert … Read more »