Question: What key areas need to be addressed for compliance with the new Red Flag ruling?
Answer: An initial risk assessment, a policies and procedures manual, a new account authentication program, a change of address verification program, an anti-phishing program, staff training on program implementation and identity theft protection. Into these seven areas fit all 26 "red flags" that financial institutions must tackle to be in compliance with the new regulation. Currently, most anti-fraud service firms can't guarantee total compliance with their offerings
Secure Identity Systems is the only company in the U.S. that offers the end-to-end solution for Red Flag compliance including: Initial Risk Assessment, Policies and Procedures Manual, New Account Authentication, Change of Address Verification, Identity Theft Protection with fully managed recovery, On-site Staff Training, and an Anti-Phishing Program with site take-downs. For more information, visit us online at www.secureidentitysystems.com, or contact us by phone: (615) 377-7661 or e-mail: bansley@secureidentitysystems.com.
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