The United
States Federal Trade Commission (FTC) Red Flags Rule, an unprecedented move
in the federal government’s fight against id theft, has once again seen
its deadline for nationwide compliance pushed back to accommodate requests from
Congress. The new
deadline for meeting minimum Red Flags compliance standards is December 31,
2010.
Enacted on January 1, 2008, the rule insists a series of
mandatory prevention and detection policies on all applicable businesses in
order to standardize the level of awareness and action against the crime of
id theft. Originally set for November 1, 2008, the FTC enforcement
deadline marks the date by which all bodies covered by the Red Flags Rule must
reach minimal federal compliance standards, under penalty of heavy fining and
possible prosecution.
Take a look at how EVS can help your business reach Red
Flags compliance.