The Federal Trade Commission’s recent mandate requires organizations to develop a sound identity theft-prevention programs. Assessing key risk factors, adopting test policies and procedures and training employees to ensure that precautions are implemented besets financial institutions with challenges for completing their Red Flag Rule program. This timely event will greatly benefit organizations faced with the implementation of The Red Flag Rule, which takes effect on May 1, 2009. This is a must-attend for all financial institutions and creditors as it will help them understand post-implementation issues and enable them to fast-track their programs.
The Knowledge Congress is assembling a panel of distinguished professionals and key regulators to enlighten financial institutions with their concerns arising from the implementation of the rule. The speakers will present their expert opinions in a two-hour LIVE webcast.
Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Conference
Recommended CLE/CPE Hours: 2.0
(Please note, your State Bar or Accounting Board will make the final determination with respect
to continuing education credit.)
Advance Preparation: Print and review course materials
Course Code: 083818
Naomi Lefkovitz
Attorney, Division of Privacy and Identity Protection,Bureau of Consumer Protection
Dorian Cougias
Fellow
Catherine D. Meyer
Counsel
William H. Henley, Jr.
Director, IT Examinations
Brian Lapidus
Chief Operating Officer
Naomi Lefkovitz, Attorney, Division of Privacy and Identity Protection, Bureau of Consumer Protection, Federal Trade Commission
- Distinguishing data security from red flags
- Regulatory expectations for creditors
- Answers to common questions and concerns
William H. Henley, Jr., Director, IT Examinations, Office of Thrift Supervision
- Regulatory expectations
- Regulation key points/highlights
- OTS Examination approach
- Examination procedures
Dorian Cougias, Founder, Network Frontiers & Unified Compliance Framework (UCF)
** Speaker Agenda to be added soon.. **
Brian Lapidus, Chief Operating Officer, Kroll’s Fraud Solutions
- A Step in the Right Direction (we can never stop id theft, but this is a daunting roadblock for criminals)
- Compliance and Consistency (concern over different interpretations/applications of Rules, temptation to short-cut for savings – primary concern is best
interest of consumer)
- Alerts, Freezes and Former Victims (tools the government has given victims are now Red Flags; people who have had any past experience with or exposure
to ID Theft may be unduly delayed or denied service)
- Opportunity of a Champion (creditors have no choice; just as with HIPAA, they must comply. Seize opportunity to tie customers more closely to organization
by taking extra steps to help them)
Catherine D. Meyer, Counsel, Pillsbury Winthrop Shaw Pittman LLP
- Compliance challenges for creditors
- Learning from the compliance experience of financial institutions
- Vendor pushback and how to address it
- Chief Compliance Officers
- Chief Security Officers
- Chief Information Security Officers
- Audit Managers
- Risk Managers
- Chief Operations Officers
- Chief Privacy Officers
- Bank, Thrift and Credit Union Auditors
- Privacy & Data Protection Personnel
This is a must attend event for anyone to grasp the up-to the-minute updates on the Red Flag Rule.
- New guidance explained by the most qualified key leaders & experts
- Hear directly from key regulators & thought leaders
- Interact directly with panel during Q&A