On June 1, 2010 the Red Flag Rules of the FTC (Federal Trade Commission) will affect business and organizations. These rules are designed to protect the identity of your clients or customers.

Businesses such as financial institutions, banks, mortgage companies, security companies will be required to develop and implement policies and procedures to identify possible identity theft or Red Flags. Other businesses and organizations that have customer accounts and account that have a revolving credit line, will also need to implement the policies and procedures to detect and prevent possible identity theft or Red Flag Rules.

We are in an era in records management in which we must manage electronic records. But many of us are not sure just how to maintain electronic files. Do we maintain in native format; how do we maintain the integrity of the electronic file, should the metadata be maintained how do we manage the ram data, etc. All these are questions and we are all struggling for answers. I believe we look at past records management practices for possible answers as the media for record keeping has changed many times and must determine the best course of action.