Red Flag Rules Compliance

Although financial institutions and creditors are encouraged to customize Identity Theft Prevention Programs to best fit their business, there are a few standard requirements that must be the basis of all Identity Theft Prevention Programs. To be compliant with FACTA’s Red Flag Rules, all Identity Theft Prevention Programs must include:

• Policies and procedures allowing the financial institution, creditor or business to detect, prevent and reduce identity theft
• Ways to identify specific patterns and behaviors that could be red flags or indicators of identity theft
• Response plans that address detected red flags and correct any issues as a result from them
• The ability to easily update the program as fraud and identity theft tactics become more advanced

Red Flag Rules Software

Identity theft is on the rise, resulting in billions of losses each year for consumers and businesses alike. Protecting your business and your client, as well as staying Red Flag Rules compliant is easy when you implement ATTUS’ WatchDOG® CIP software into your Identity Theft Prevention Program. WatchDOG® CIP not only detects discrepancies in identifying information as required by your Red Flag Program, but also:

• Reduces losses due to fraud
• Increases efficiency by eliminating the manual identity verification process
• Ensures compliance with the Customer Identification Program (CIP) requirements set forth by the USA PATRIOT Act in addition to Red Flag Rules compliance

This web-based software keeps you a step ahead of criminals seeking to use your institution to carry out acts of identity theft or fraud. Help your business stay Red Flag Rules compliant – ATTUS Technologies WatchDOG® CIP.