DMA to Host Aug. 21 Virtual Seminar on FTC's New 'Red Flags' Rules for ID Theft Prevention

August 13, 2008 — As reported by the President’s Identity Theft Task Force, identity (ID) theft results in billions of dollars in losses each year to individuals and businesses. In an effort to limit ID theft, the Federal Trade Commission (FTC), federal bank regulatory agencies, and the National Credit Union Administration have issued regulations called the “Red Flags Rules.”

These rules require financial institutions and creditors to develop and implement written ID theft prevention programs. These programs must provide for identification, detection, and response to the “red flags” — patterns, practices, or specific activities that could indicate identity theft — and are required to be in place by November 1, 2008.

To help members comply with the new rules, DMA will host a virtual seminar on Thursday, Augist 21 at 2 p.m. (EDT).

The briefing will feature guest speakers from the FTC, who will discuss the basis of the Red Flags Rules, what is required in the programs, and answer your questions. The August 21 briefing is free for DMA Members and $299 for non-members.

To register, please click here.

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