It’s impossible to write about the Red Flag Rules without an apologetic “stop me if you’ve heard this one before” preface. So don’t shoot the messenger, but the deadline for the Feds’ identity-protecting Red Flag Rules has been delayed. The newest deadline—the fifth—replaces the January 1 deadline with one of June 1, 2010.
Congress created the program in 2003 in an attempt to stem the tide of identity theft by forcing creditors to use a common sense approach to identity theft prevention. It was originally slated to take effect in November 2008.
From its inception the rules have met with formidable pushback from the American Medical Association, the American Bar Association and the nation’s bankers, each group taking exception to the FTC’s interpretation of “creditor.” (more…)
LifeLock’s new Command Center service provides an additional level of ID theft protection that’s very good news for their nearly 1.5 million current members and for new LifeLock members.
Contrary to popular belief, not all of Santa’s elves are jovial, industrious toymakers; there are also evil elves that take temporary holiday retail jobs to commit ID theft and credit fraud. And, they’ll steal your identity in less time than it takes Santa to slip down the chimney.