FTC's Red Flags Rule: Everything You Need to Know
May 5, 2011 at 1:30 pm ET
Duration: 90 minutes
Speaker: Boris Segalis, Esq
Session Only: $219.00
Session Plus CD: $308.00
The Federal Trade Commission's Identity Theft Red Flags Rule went into effect on December 31, 2010. Despite this deadline, many organizations are still uncertain as to whether the Rule applies to them and what their compliance obligations are with respect to developing an identity theft prevention program. Compliance with the Rule is further complicated by the fact that the Rule does not tell a company what its identity theft prevention program must include, but merely sets forth the process that organizations have to follow to establish their own specific program.
This webinar is presented by Boris Segalis, a partner at InfoLawGroup LLP, a law firm specializing in privacy, information security, technology and intellectual property. Mr. Segalis is a noted privacy law expert. He has written extensively about the Red Flags Rule and advised clients in a variety of industries on compliance with the Rule. Mr. Segalis will help organizations determine whether they are subject to the Red Flags Rule and will review what steps they must take to implement the Rule's requirements. The presentation will cover the text of the regulation, federal agency guidance, and newly enacted legislation that limits the Rule's application. The webinar will provide guidance to organizations regarding the steps they must take to comply with the Rule, including the development, implementation and ongoing administration of an identity theft prevention program. Finally, he will review enforcement of the Rule by federal agencies.
Agenda
- Scope of the Red Flags Rule
- Overview of the Red Flags Rule
- Which Financial Institutions Are Subject to the FTC’s Jurisdiction?
- Determining Whether Your Organization Is a “Creditor”
- Understanding “Covered Accounts”
- New Legislation
- Enforcement Deadlines
- Compliance with the Red Flags Rule
- Determining Your Organization’s Obligations Under the Rule
- Developing and Implementing a Written Identity Theft Prevention Program
- Administering the Program
- Enforcement Expectations
- FTC’s Position on Red Flags Enforcement
- Red Flags Enforcement Experience of Financial Institutions
Who Should Attend
Compliance leaders and in-house counsel at financial institutions, service providers to financial institutions, and entities that offer credit or participate in credit decisions (including managers of retailers that offer private label or store-branded credit cards).
Logistics
- 90-minute webinar (Travel-Free) delivered over the phone and Internet.
- Unlimited listeners per connection - bring the entire department.
- Q&A session with the expert.
This event will be presented live by phone together with a PowerPoint presentation to be viewed on your computer. Internet access is not required for phone-only participants. The PowerPoint slides will be provided shortly before the event. Once you register, you will receive an email which is your receipt and which includes your instructions for dialing in and logging on. You will also receive an email reminder 24 hours before the webinar.
What is a webinar?
A webinar is a live Internet based seminar. Webinars are a way for participants in many different locations to see and hear a presentation and view PowerPoint slides. You can also have your colleagues attend the webinar using one connection.
What kind of equipment do I need?
You will need a computer with an Internet connection (high speed service such as DSL or cable works best) and a telephone.You may listen to the webinar through your computer speakers, in which case you will not need to use a telephone connection. Internet access is not required for phone-only participants, but you will not be able to see the speaker’s slides.
How can I share the webinar with my colleagues who may not be able to attend the event?
CDs of each program will be available for sale and can be shared with your business associates.
Can I get a copy of the PowerPoint slides used in the webinar?
The PowerPoint slides will be available on the materials page link in the confirmation email that will be sent to you no later than the morning of the day a webinar is presented.
How do I ask a question during the webinar? Will my question be answered during the presentation?
A question and answer session will be scheduled at the end of each webinar. You can then ask a question by typing it into the question box that will be provided to you duringthe webinar. You may also ask a question through the telephone connection. As many questions as possible will be answered during the Question and Answer period.