The FTC's Red Flags Rule will affect most businesses that deal in transactions beginning June 1--best to prepare now.
Online PR News – 31-March-2010 – – ONTARIO, Calif.—The FTC’s Red Flag Rules, designed to protect sensitive consumer and employee information from theft, will affect most of America’s businesses beginning June 1, 2010, and many still don’t even realize they will be affected by the regulation.
The Red Facts Rule stems from the Fair and Accurate Credit Transaction Act (FACTA) of 2003, which despite its title protects a variety of sensitive consumer and employee information. In addition to credit transactions involving billing or credit cards, FACTA also covers any business with one or more employees that maintains social security numbers or insurance information.
“Many businesses probably don’t even realize that this law, and its implementing Red Flags Rule, will require them to set up procedures to insure sensitive information from identity theft,” said Robert Leland, director of Research for Personnel Concepts. “Even home and yard cleaning businesses could be affected.”
Personnel Concepts, the leader in the labor law effective compliance industry, has created a Workplace Identity Theft Protection Kit to ensure businesses can comply with the Red Flags Rule by following FTC guidelines. The kit will enable businesses to establish FTC-compliant written policies and procedures to protect sensitive information and set up “red flags” to alert responsible individuals of possible misuse or abuse of such information.
Personnel Concepts virtually created the labor law and health and safety compliance poster industry in 1989 with its All-On-One approach. It also led the industry in developing a skilled, knowledgeable and experienced research team that keeps constant vigil on government regulatory changes and updates clients on changing labor law and OSHA requirements. Its “We Pay the Fine” guarantee was an industry first and is still a mainstay of its strong customer service tradition.
Personnel Concepts’ customers have relied on the company’s products and services for the past two decades to protect them from government fines, employee lawsuits and other costly consequences associated with non-compliance. Businesses throughout the nation have entrusted their compliance to Personnel Concepts, and the company in turn embraces that responsibility by keeping up to date on changing regulations and tailoring a wide variety of simplified solutions. The company currently advises and serves more than 1.2 million businesses throughout the United States from its headquarters in Ontario, Calif., with the motto “Your Trusted Compliance Partner.”