Identity theft spawns new federal compliance laws

  1. pplcheryl63 profile image54
    pplcheryl63posted 9 years ago

    As of January 1st, The Red Flag Rules became law with mandatory compliance.  These laws are a response to the growing identity theft epidemic and what can only be called lax information security measures employed by businesses to protect personal information.  There were somewhere in the neighborhood of 312 security breaches last year, 265 of them occurred in the U.S.

    The FTC has a booklet available concerning information protection which you can download from the website  It's called Protecting Personal Information: A Guide for Business.  I'd suggest getting a copy.

  2. profile image48
    chucklinartposted 8 years ago

    Great information!  Thanks for sharing. 

    You're right that it's an epidemic.  Anyone with anything to lose who is not using one of the many inexpensive tools to monitor their identity is a fool.