Is your business up to date with the "Red Flag Rule"

ID theft protection for businesses is the most often overlooked liability for lawsuits.

Most business owners are not aware of both federal and state laws regarding the security laws of ID Theft when it comes to their business.

The FTC calls it the Red Flag Rule. The FTC is the agency that is supposed to police and regulate laws regarding ID Theft. However they are so ovewhelmed with cases in this area that they ask everyone to be informed to help one another in this regard.

For business owners this responsibility is a vulnerability that could devastate the financial health of a company. The threat of lawsuits that could occur if they are not in compliance with the laws regarding ID Theft security for their employees and customers is huge.

The companies that fall under these laws are those that have any of the following:

  • Employees
  • Take credit cards
  • Do business online

The law states that the companies must follow "Due Diligence" in order to protect from a security breach. They must have processes in place to try to protect from a security breach.

American ID Theft Protection LLC is a company that assists business in setting up the necessary certifications to protect them from lawsuits. They will certify the business by giving a security seminar to all of the company's employees and fulfill all of the requirements of compliance for $495.00

If your business needs to satisfy these ID Theft compliance issues contact American ID Theft Protection at 610-743-8308 or email to roy@americanidtheftprotection.com.

More information is on http://www.americanidtheftprotection.com

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.


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