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An Example of a Red Flag

Question: 
What's an example of a red flag?
Answer: 

A request for a change of address for a credit card holder and then a subsequent request for the bank to issue a new card and send it to the new address. Banks must use technology or business processes to monitor for these types of red flags and react accordingly.

Secure Identity Systems was initially created to mitigate the risk for financial institutions by identifying growing security threats. Today, SIS serves financial institutions, businesses and families with the most robust products and services available. For more information on Secure Identity Systems, please call 877.304.3349 or visit SecureIdentitySystems.com. Follow Secure Identity System on Facebook and Twitter for security updates and special offers.

First published on 10/13/2008

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