FACTA-Red Flags Security Policy Solutions

About the Red Flag Rule

Updates the Fair and Accurate Credit Transactions Act (FACTA) of 2003 require financial institutions and creditors to develop and document a written Identity Theft Prevention program to detect, deter, and mitigate identity theft in connection with the opening and maintenance of certain accounts.

Information Security Policies and Red Flags

Written security policies are a key component of any data protection program. Security policies define the controls that organizations will use to prevent and respond to identity theft, as well as the roles and responsibilies for implementing these policies and procedures throughout the organization. In addition to the general GLBA security policy requirements, written security policy documents provide critical documentation to include with the annual Board of Directors report required for Reg Flags.

Information Security Policies Made Easy by security policy expert Charles Cresson Wood, CISA, CISSP, is the definitive resource for information security policies. Includes over 1400 information security policies covering all ISO 17799 information security domains. ISPME contains over 300 specific policies relating to the protection and privacy of customer records.

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The PolicyShield Information Security Policy Subscription includes all of the policies within ISPME with regular updates based on the latest threats, technologies and regulatory changes. Let our experts monitor the latest trends and write the policies you need when you need them.

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The Most Complete Security Policy Library Available

PolicyShield ™ contains over 1500 pre-written information security policies and expert commentary covering 123 different categories within the ISO 27002 security standard. Covers over 200 security areas including: