Description
Learn best practices and trends for identity theft prevention programs, policies, and procedures.Identity theft has continued to rise throughout the pandemic with increased cybercrime, leading to substantial losses for victims and financial institutions. This presentation will review key legal requirements as well as best practices and trends for identity theft prevention programs, policies, and procedures. Topics covered will include remedying the effects of identity theft as well as case examples and recent trends.
Date: 2021-11-17 Start Time: End Time:
Learning Objectives
Fair and Accurate Credit Transactions Act of 2003
• Credit and Fraud Alerts for Identify Theft
• Overseas Military Deployment
• Truncation of Credit and Debit Card Numbers
The Red Flags Rule (2007) and Red Flag FAQs
• Identify Theft Prevention Program for New and Existing Accounts (Financial Institutions, Creditors, and Businesses With Covered Accounts)
• Reasonable Policies and Procedures for Detecting, Preventing, and Mitigating Identity Theft
• Address Discrepancies and Credit Disclosure Notice
Remedying Effects of Identity Theft
• Incident Response Program and Best Practices
• Filing of Suspicious Activity Report and Cooperation With Law Enforcement
• Coordination and Reporting With Other Consumer Reporting Agencies and to the Federal Trade Commission
• Training and Customer Education
Case Examples and Trends
• Human Trafficking
• Children and Social Security Numbers
• Cybercrime
• Account Takeovers and Formjacking
• Student Loans
• Pandemic Impacts
Sample Forms (i.e., ID Theft Affidavit)
CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Barbara S. Meeks-Moore & Van Allen PLLC
