Preventing Identity Theft: FACTA Red Flags Compliance Training

In the U.S. alone, 5 percent of adults – about 10 million – are victimized by identity theft each year. To control the huge costs and liabilities to businesses and consumers, the Federal Trade Commission (FTC) has issued the “Red Flag” rules as part of the Fair and Accurate Credit Transactions Act (FACTA).

Every U.S. financial institution and creditor company MUST develop and implement a written identity theft prevention program by November 1, 2008. The definition of a ‘creditor company’ may include auto dealers, utility and telecommunications companies,non-profit and government organizations.

This convenient online course shows employees and managers how to identify, detect, and respond to "red flags" of identity theft in the handling of consumer account information, and how to protect the business and its customer.

• Every FACTA identity theft prevention program must include employee training.
• Explains the Red Flag rules in simple terms and was developed in conjunction with California’s leading authorities.
• Covers certain security practices to protect you and your customers.
• Engages participants with realistic scenarios, interactive exercises, and a final comprehensive quiz/game.
• Offers an affordable alternative to other training and research.
• Allows you and your employees to learn online at your convenience.
• Helps minimize the risk of all types of identity theft, including credit card fraud.
  
  

• Simple explanation of the FACTA (Fair and Accurate Credit Transactions Act) “Red Flag” rules and methods of compliance
• Methods of identifying and responding to various red flags, from consumer reporting agency warnings to suspicious behavior, potentially forged documentation, and unusual account activity
• Ways to protect your company and customers on an ongoing basis
• Easy-to-use administrative tools to help track completion
• Interactive exercises and a final quiz/game
• Estimated 30-minute course length
• Convenience and affordability of online training