Red Flags, Red Flag, Red Flag Rules, Red Flag Requirements

"Red Flags" Rules & Regulations

The Red Flags Rule is the Federal Government's way of signaling "Danger: Be alert to problems ahead". Millions of consumers are afflicted with identity theft each year and are suffering the devastating economic, psychological, and emotional consequences. Businesses often bear the greatest monetary damage from identity theft. Something had to be done! Therefore, the following came together to create and issue the Red Flags Rule, an amendment to the 2003 Fair and Accurate Credit Transactions Act (FACTA).

The Federal Trade Commission (FTC)
The Board of Governors of the Federal Reserve System
The Federal Deposit Insurance Corporation (FDIC)
The Office of the Comptroller of Currency, and
The National Credit Union Administration (NCUA)
The Office of Thrift Supervision

The FTC is in charge of administering the regulations and following through with fines and penalties for non-compliance. Basically, they define a creditor to mean any business, organization or government agency that accepts payment after products are delivered or services are rendered. The Rule includes a definition for covered accounts to mean accounts that allow multiple payments or transactions for personal, family or household purposes.

If your business or medical practice allows multiple payments you are required to be compliant to the Red Flags Rule.

P.S. If you are a consumer, you want to make sure that every business and organization that you do with business with is abiding by the Red Flags Rule for your own protection and well-being. If they are not, please contact us with their name and information and we will connect with them to help them, help you, to avoid fraud and identity theft.

The FTC's Ruling
(Federal Trade Commission)

Does Your Company
Have To Comply?

It's Time to Comply
We Can Help You

What is the Red Flags Rule?

What is the Cost of
    Non-Compliance?
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Health Care Professionals
*Medical/Dental Services

Auto & Motorcycle Dealers

Colleges, Universities,
Community Colleges,
& Educational Facilities

Gyms & Athletic Facilities

Financial Institutions

Mortgage Brokers & More...
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Identify your current position

Write your Red Flags
Identity Theft Prevention
Program

Train your executives and
employees

Update your program on
a regular basis

Contact Us

443-804-7787

redflags@ifidaknown.com

Identity theft is fraud, attempted or committed. It's
using identifying information of another person without authority.

Are you prepared to meet this deadline?

Many businesses, including medical and dental practices, law firms and small business have questions and concerns about exactly what is needed to become compliant with the "Red Flags" Rule. Ifida Known Enterprises, LLC, American's Ambassador for Privacy, Safety, Security, Identity and Asset Protection, recognizes that you may be searching for resources to assist you in this process.

For the past 10 years we’ve dealt with numerous identity theft experiences in our business and personal life including medical identity theft. We’ve dealt with the pain and suffering of identity theft and turning a mess into a message and dedicated our lives and our business in exposing and educating others to the perils of identity theft through our numerous materials, workshops, seminars and keynote addresses. We’ve traveled extensively in the United States and abroad, conducting teaching and trainings along with hundreds of interviews with identity thieves and perpetrators, victims, credit card companies, and security experts. In our ongoing efforts to support you, we are now offering the "Red Flags" Compliance Package to help practices like yours address the "Red Flags" Rule of FACTA.

Are all the companies you do business with "Red Flags" compliant?

The companies that you deal with must be Red Flags compliant in order to protect YOUR personal identifying information. This means that they must also have a written plan in place to make sure that your business and personal identities are safe and secure. Please recommend our services to them, if they aren't "Red Flags" compliant to ensure that you are professionally and personally protected.

To set up an appointment for your business to become "Red Flags" compliant or to request more information on our programs please contact our office either by email or telephone:

Email: RedFlags@IfidaKnown.com

Telephone: 443-804-7787