Overview
Written by attorneys from the esteemed Privacy and Data Security Group of Proskauer & Rose LLP, which crafted PLI's definitive treatise Proskauer on Privacy, A PRACTICAL GUIDE TO THE RED FLAG RULES:. Offers clear, straightforward coverage of what the Red Flag Rules entail.. Specifies what types of financial institutions and credit issuers must comply.. Shows how to craft policies and procedures to detect identity theft dangers.. Addresses appropriate program administration to ensure its effectiveness.. Reveals how to respond diligently to any detected red flags.. Advises on how to periodically assess and update the prevention program.. Points up the severe penalties and potential lawsuits for noncompliance.Included in the GUIDE are the FACTA Red Flag Rules, FACTA guidelines on identity theft detection, prevention, and mitigation, and other compliance-enabling documents.
Synopsis
A Practical Guide to the Red Flag Rules provides affected businesses, and their advisors, with a straightforward explanation of what the Red Flag Rules entail, with practical tips for compliance. Much more than a mere recitation of what the law requires, this book provides practical advice on what it means to comply, along the way explaining the intricacies of the new regulations.