FTC Launches Red Flag Rules Web Site

From the Identity theft and Business blog:

"After a year or more of confusion on the part of businesses and their counsel the Federal Trade Commission (FTC) has launched a Web site to help businesses and non-profits to come into compliance with the Red Flags Rules. The FTC will begin enforcing the rules on May 1. The site offers articles and guides for helping create identity theft prevention programs, a key requirement of the rules. The site also details which entities must adhere to the rules, which were created to reduce instances of identity theft. The FTC has also published a very good guide for businesses who must determine if they have “covered accounts” and how to go forward with their program. I have added a permanent link to the FTC Red Flags site to my links for your convenience."

This web site is another reason why companies have no excuse for complying with the Red Flag Rules and its May 1 deadline to better protect consumers' sensitive personal data.

Comments

[Martin Ethridgehill]

In review, I believe that the deadline was moved to later in 2009 in response to requests and clarifications.

That the FTC is being so possitive in response is hopefully a good sign: that the goal is towards education and compliance, rather than fines and court activity.