CEA Audio Conference - September 9, 2009

The Federal Trade Commission (FTC) passed a law in 2008 requiring, “all financial institutions and creditors that hold any consumer account or other account for which there is a reasonably foreseeable risk of identity theft, to develop and implement an Identity Theft Prevention Program.”   

While this would seem to imply that only banks, credit unions or other institutions which offer lines of credit are affected, the final rules continue to go to say that “those financial institutions or creditors that offer or maintain “covered accounts” must develop and implement a written program.  A covered account is then described as: 1) an account primarily for personal, family or household purposes, that involves or is designed to permit multiple payments or transactions, or 2) any other account for which there is a reasonably foreseeable risk to customers…” 

Without being experts in Identity Theft, we clearly see the “muddy” waters the government has stirred up here and believe this law could easily be interpreted to apply to nearly every business out there, including ours! 

To that end, we have developed a one hour presentation to help demystify how a company, any company, can develop and implement an Identity Theft Prevention Program.   With information gathered from the FTC website and our partners at Hire-Safe and American Edge Solutions we have developed a one hour power point presentation to quickly help you:

1.  Develop a sound security plan with these elements:
1. Take Stock
2. Scale Down
3. Lock It
4. Pitch It
5. Plan Ahead
2. Make sense of the Identity Theft laws
1. Fair Credit Reporting Act
2. Gramm Leach Bliley Act 
3. Federal Trade Commission Act
3. Train Your Employees
1. Create a “culture of security”
2. Have employees sign off on training
3. Discuss steps to take when hiring employees     

The Speaker will be Kim Parker, Executive Vice President of CEA

To register now, click here.