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.