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The Dodd-Frank Act and the Red Flag Rule Explored
   LIVE Webcast  

 


Event Details:                                                                                                                                                          

Recently, the SEC and CFTC jointly proposed new red flag rule under Section 1088 of the Dodd-Frank Act. The proposal is aimed at protecting investors from identity theft by requiring SEC-regulated entities to implement a written identity theft program centered on identifying red flag rules and providing appropriate responses to red flags.

The Knowledge Group is assembling a panel of experts who will help you understand how to navigate the proposed rule (if approved) with an emphasis on best practices moving forward. A LIVE interaction with the audience in a question and answer format is also included in this event.

Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Group, LLC
Recommended CLE/CPE Hours: 1.75 - 2.0
Advance Preparation: Print and review course materials
Course Code: 124307
Recording Fee: $299 (Please click here for details)

 

Featured Speakers for The Dodd-Frank Act and the Red Flag Rule Explored LIVE Webcast :


Agenda  (click here to view more)


SEGMENT 1 (items 1-4 below) : Nancy L. Perkins, Counsel,Arnold & Porter LLP
SEGMENT 2 (items 5-6 below) : Erin E. Morrow, Principal, Advisory Services,Grant Thornton LLP

  • 1. Who is affected by the Red Flags Rule?
    • a. Which entities are “financial institutions” for purposes of the Rule?
    • b. Which entities are “creditors”
    • c. What is the meaning of a “covered account”?
  • 2. What do entities that are covered by the Rule have to do to comply?
    • a. Establishing an ID-theft prevention program
    • b. Individuals and entities that must be involved
    • c. Elements of the program
  • 3. How can entities tailor their programs to their particular circumstances?
    • a. Explanation of Red Flag examples
    • b. Scalable risk-assessments
  • 4. What are the penalties and enforcement mechanisms associated with the Rule?
  • 5. What are the steps to put a program in place (may mix this with Nancy’s items 2- 3 below)
    • a. Put the appropriate governance in place over your red flag reporting (executive sponsorship, board updates, policies and procedures, etc.)
    • b. Document notices to customers (e.g., initial and annual privacy and opt-out notices)
    • c. Identify relevant red flags
    • d. Develop a program to detect these red flags and to follow up on alerts
    • e. Ensure this is all thoroughly documented in your written identity theft prevention program.
    • f. Conduct employee training on identity theft awareness, prevention and reporting.
    • g. Periodic trend analysis to help you shore up your security policies and identify theft prevention program.
  • 6. Simple Dos and Don’ts when putting your program in place
    • a. Do remember to update your plan when you have a significant change in your business.
    • b. Do get your board and internal controls team up to speed on compliance requirements.
    • c. Do use people with appropriate skills. Your plan will likely incorporate legal, security, fraud, technology and business process expertise.
    • d. Do perform an assessment before you build your program. There’s no need to put controls over accounts that aren’t covered.
    • e. Do talk to peers in your industry. Chances are many of your risks are similar.
    • f. Don’t expect the Red Flags Rule to just go away. The public demand for identity theft protection is too great.
    • g. Don’t put something together hastily. Your plan may have to withstand the scrutiny of an investigator.
    • h. Don’t over-engineer your program. The bad guys are coming up with new ideas faster than you can update a too-detailed plan.
    • i. Don’t forget to get Red Flags assurances from internal audit or another independent source.
    • j. Don’t underestimate training efforts. Keeping skilled identity thieves at bay requires people who know what to look for and what to do when they see it.
    • k. Don’t ignore the rule. In today’s world, active denial of a federal regulation is a very bad idea.




Arnold & Porter LLP
Nancy L. Perkins
Counsel
speaker bio »»

Grant Thornton LLP
Erin E. Morrow
Principal, Advisory Services
speaker bio »»



Who Should Attend?

- IT Auditors and Managers
- Information Security Managers and Practitioners
- Data Security Professionals
- Compliance Officers
- Chief Information Officers
- Chief Security or Privacy Officers
- Risk Managers

Why Attend?

This is a must attend event for security and compliance officers who are interested in learning ways to navigate through the new red flag rule under the Dodd-Frank Act.
- Detailed guidance explained by the most qualified key leaders & experts
- Hear directly from key regulators & thought leaders
- Interact directly with panel during Q&A

Enroll in this course now by clicking the Register button below. Early birds can enjoy deep discount in the registration fee.

Registration Information:                                                                                                                                    


(Click here for information on group registrations and discounts)

Disclaimer:
Please note, the event date is firm although it may be subject to change. Please click here for details.
The Knowledge Group, LLC is producing this event for information purposes only. We do not intend to provide or offer business advice. The contents of this event are based upon the opinions of our speakers. The Knowledge Congress does not warrant their accuracy and completeness. The statements made by them are based on their independent opinions and does not necessarily reflect that of The Knowledge Congress' views. In no event shall The Knowledge Congress be liable to any person or business entity for any special, direct, indirect, punitive, incidental or consequential damages as a result of any information gathered from this webcast.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


The Dodd-Frank Act and the Red Flag Rule Explored
LIVE Webcast
Event Sponsors / Speaker Firms:




Arnold & Porter LLP (A&P) is an Am Law 100 international law firm providing counsel at the intersection of business, law and regulation. With more than 800 attorneys practicing in more than 30 distinct areas of the law, A&P provides strategic, client-focused and innovative legal services. A&P serves a broad range of clients whose business needs include regulatory, litigation, and transactional services. The firm’s integrated teams of corporate and securities, antitrust, data privacy and security, white collar, national security, litigation, and other practice areas assist clients in navigating the complexities of their businesses both domestically and internationally. A&P’s service offerings include proactive compliance counseling, including in areas of industry-specific regulation, anticipating litigation, mitigating potential liability for criminal and civil actions by federal and state and authorities, and litigating at the trial, appellate, and Supreme Court levels.




The people in the independent firms of Grant Thornton International Ltd provide personalized attention and the highest quality service to public and private clients in more than 100 countries. Grant Thornton LLP is the U.S. member firm of Grant Thornton International Ltd, one of the six global audit, tax and advisory organizations. Grant Thornton International Ltd and its member firms are not a worldwide partnership, as each member firm is a separate and distinct legal entity. Visit us online at www.GrantThornton.com for more information.




 

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