| These days, it is almost impossible to be in business | | | | Businesses must exercise appropriate and effective |
| and not collect or hold personally identifying | | | | oversight of service provider arrangements.o Service |
| information - names and addresses, Social Security | | | | providers and contractors must comply by |
| numbers, credit card numbers, or other account | | | | implementing reasonable policies and procedures |
| numbers - about your customers, employees, | | | | designed to detect, and mitigate the risk of identity |
| business partners, students, or patients. If this | | | | theft |
| information falls into the wrong hands, it could put | | | | Fair Credit Reporting Act (FCRA) |
| these individuals at risk for identity theft. Accordingly, | | | | If an Employer obtains, requests or utilizes consumer |
| for any company that maintains information on | | | | reports or investigative consumer reports for hiring |
| employees or customers - information that could | | | | purposes/background screening, then the Employer is |
| provide the basis for identity theft - it is critical to | | | | subject to FCRA requirements. |
| understand the problem of identity theft and to begin | | | | (OTHER SIDE) |
| to take steps to reduce these risks now, as much as | | | | Gramm, Leach, Bliley Safeguard Rules |
| possible. There are federal and state laws requiring | | | | Eight Federal Agencies and any State can enforce |
| business owners to secure all personal information | | | | this law |
| (Social Security numbers, driver's license numbers, | | | | Applies To Any Organization That Maintains Personal |
| credit card numbers, date of birth, etc.) of their | | | | Financial Information Regarding Its Clients Or |
| clients and employees. Some 87 percent of | | | | Customers |
| businesses are not aware that these laws effect | | | | Non Public Information (NPI) lost under the wrong set |
| them or that they even exist. Non-compliance could | | | | of circumstances may result in:o Fines up to |
| result in the closing of the business, large fines and | | | | $1,000,000 per occurrenceo Up to 10 Years Jail Time |
| penalties, and criminal and civil litigation. No industry is | | | | for Executiveso Removal of managemento |
| immune, and businesses large and small, for profit and | | | | Executives within an organization can be held |
| non-profit are impacted. It is expected to be the | | | | accountable for non-compliance both civilly and |
| next hot class action target. | | | | criminally |
| Fair and Accurate Credit Transactions Act (FACTA) | | | | How We Help! We specialize in Identity Theft. As |
| Applies To Every Business And Individual Who | | | | Identity Theft Risk Management Specialist we:o Set |
| Maintains, Or Otherwise Possesses, Consumer | | | | up reasonable steps to protect Non Public |
| Information For A Business Purpose. | | | | Information (NPI) and Personally Identifiable |
| Employee or Customer information lost under the | | | | Information (PII). We provide a written policy manual |
| wrong set of circumstances may cost your | | | | regarding NPI.o Help create a "Culture of Security" by |
| company:o Federal and State Fines of $2500 per | | | | providing the required training.o Set up a potential |
| occurrenceo Civil Liability of $1000 per occurrenceo | | | | Affirmative Defense with an Identity Theft |
| Class action Lawsuits with no statutory limitationo | | | | Prevention Program that is offered to you and your |
| Responsible for actual losses of Individual ($92,893 | | | | employees.o Help Protect employees and customers |
| Avg.) | | | | while potentially decreasing your company exposure. |
| FACTA-Identity Theft Red Flag Rules | | | | We Train your employees about the written policy |
| Businesses should establish an identity theft | | | | and provide documentation of training. |
| prevention programo Should develop and implement a | | | | We start the compliance process for your company |
| written Identity Theft Prevention Program. | | | | by providing templates for the written ID Theft |
| Training of staff to implement the identity theft | | | | security plan and the appointment of the security |
| prevention programo A Culture of Security should be | | | | officer. |
| established at all businesses.o Personally Identifiable | | | | To assist your company with compliance issues we |
| Information (PII) such as Social Security numbers, | | | | will conduct a mandatory training required by law for |
| drivers license numbers, etc., must be protected as if | | | | your employees. We will also explain the different |
| they were loose cash because the loss of PII can be | | | | types of ID Theft and show your employees how |
| more devastating then the loss of cash, since cash | | | | they can protect themselves if they become a victim |
| can be replaced.o All staff who could possibly have | | | | and why their and your customers' personal |
| access to PII within or without the business should | | | | information needs to be protected. |
| be trained so that they understand why the | | | | We also help with your business's " bottom line", |
| information needs to be protected and that there | | | | caused by worker absenteeism. Individuals spend an |
| are legal consequences for not doing it. This is | | | | average of 600 hours trying to clean up the mess |
| necessary to effectively implement an identity theft | | | | after be a victim of identity theft. At what times do |
| prevention program. | | | | you think victims spend those 600 hours trying to fix |
| Service providers and sub contractorso Liability | | | | their problem? |
| follows the data.o A covered entity cannot escape | | | | We do all of this at no direct cost to your company. |
| its obligation to comply by outsourcing an activity.o | | | | |