FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W236649740> ?p ?o ?g. }

• W236649740 startingPage "47" @default.
• W236649740 abstract "Last October, six federal agencies issued final rules imposing anti-identity-theft requirements on financial institutions, creditors, credit and debit card issuers, and users of consumer credit reports. The new regulation enacts sections 114 and 315 of the Fair and Accurate Credit Transactions Act of 2003 (FACTA) and calls for every financial institution or creditor to develop and implement a written theft prevention program. (See Basics of the new rules, p. 54) The final rules became effective on Jan. 1, 2008, and full compliance is required by Nov. 1, 2008. [ILLUSTRATION OMITTED] The identity theft prevention program is at the heart of the new rules. Each financial institution or creditor must establish a program that sets policies and procedures to identify which key indicators of possible identity theft are relevant; detects them they occur; and responds appropriately they are detected. As the environment changes, either through internal changes in the organization or the development of new techniques on the part of identity thieves, the program must be updated. Though complying with these rules may be challenging to some affected organizations, like car dealers or retailers, the policies and procedures required won't be new to most banks and savings institutions. Obtaining and verifying identifying information about a person opening an account should be second nature to them, given such factors as the customer identification program requirements they must already fulfill in the Bank Secrecy Act/antimoney-laundering area. Authenticating customers, monitoring transactions, and verifying the validity of change of address requests for existing accounts should be business-as-usual. What's new in these rules is their specificity. The regulations include guidelines listing 26 patterns, practices, and specific forms of activity that should raise a flag signaling a possible risk of identity theft. But the list is not intended to be comprehensive. Rather, in the words of the regulators, when identifying red flags, financial institutions and creditors must consider the nature of their business and the type of identity theft to which they may be subject. Each organization might do well to consider this guidance in developing internal controls, structuring a program that is specific to the business lines it is in, and that complies with the regulations, while maintaining a high level of vigilance (to see changes in the environment) and flexibility (to evaluate and adjust procedures to respond to those changes). Identifying relevant red flags The indicators listed in the guidelines are classified into five categories: 1. Alerts, notifications or warnings from a consumer reporting agency. If a fraud or active duty alert is included with a consumer's credit report, or a credit reporting agency provides a notice of credit freeze in response to a request for a consumer report, this is the most obvious type of red flag. 2. Suspicious documents. Do the documents provided for identification appear to have been altered or forged? Is information on the identification inconsistent with information provided by the person presenting it, whether an existing client or a new customer? 3. Suspicious personal identifying information. When compared against external information sources, is personal identifying information inconsistent? Some examples include cases where the address does not match any address in the credit report, the Social Security Number has not been issued, or the Social Security Number is listed on the Social Security Administration's Death Master File. Another example would be failure to provide all the information required on an application, even asked twice. If the phone number provided by an applicant is invalid, or is an answering service or a pager, this could raise suspicion. …" @default.
• W236649740 created "2016-06-24" @default.
• W236649740 creator A5088213550 @default.
• W236649740 date "2008-07-01" @default.
• W236649740 modified "2023-09-27" @default.
• W236649740 title "Are You Red Flag Ready? the Nov. 1 Deadline for Compliance with New ID Theft Rules Is Fast Approaching. Read This to Be Sure You're Ready" @default.
• W236649740 hasPublicationYear "2008" @default.
• W236649740 type Work @default.
• W236649740 sameAs 236649740 @default.
• W236649740 citedByCount "0" @default.
• W236649740 crossrefType "journal-article" @default.
• W236649740 hasAuthorship W236649740A5088213550 @default.
• W236649740 hasConcept C10138342 @default.
• W236649740 hasConcept C116834253 @default.
• W236649740 hasConcept C120527767 @default.
• W236649740 hasConcept C121955636 @default.
• W236649740 hasConcept C138170105 @default.
• W236649740 hasConcept C144133560 @default.
• W236649740 hasConcept C145097563 @default.
• W236649740 hasConcept C159091798 @default.
• W236649740 hasConcept C2777303138 @default.
• W236649740 hasConcept C2779601481 @default.
• W236649740 hasConcept C2983355114 @default.
• W236649740 hasConcept C38652104 @default.
• W236649740 hasConcept C41008148 @default.
• W236649740 hasConcept C522325796 @default.
• W236649740 hasConcept C59822182 @default.
• W236649740 hasConcept C86803240 @default.
• W236649740 hasConceptScore W236649740C10138342 @default.
• W236649740 hasConceptScore W236649740C116834253 @default.
• W236649740 hasConceptScore W236649740C120527767 @default.
• W236649740 hasConceptScore W236649740C121955636 @default.
• W236649740 hasConceptScore W236649740C138170105 @default.
• W236649740 hasConceptScore W236649740C144133560 @default.
• W236649740 hasConceptScore W236649740C145097563 @default.
• W236649740 hasConceptScore W236649740C159091798 @default.
• W236649740 hasConceptScore W236649740C2777303138 @default.
• W236649740 hasConceptScore W236649740C2779601481 @default.
• W236649740 hasConceptScore W236649740C2983355114 @default.
• W236649740 hasConceptScore W236649740C38652104 @default.
• W236649740 hasConceptScore W236649740C41008148 @default.
• W236649740 hasConceptScore W236649740C522325796 @default.
• W236649740 hasConceptScore W236649740C59822182 @default.
• W236649740 hasConceptScore W236649740C86803240 @default.
• W236649740 hasIssue "7" @default.
• W236649740 hasLocation W2366497401 @default.
• W236649740 hasOpenAccess W236649740 @default.
• W236649740 hasPrimaryLocation W2366497401 @default.
• W236649740 hasRelatedWork W1143588792 @default.
• W236649740 hasRelatedWork W132992969 @default.
• W236649740 hasRelatedWork W1491812997 @default.
• W236649740 hasRelatedWork W195595734 @default.
• W236649740 hasRelatedWork W237652209 @default.
• W236649740 hasRelatedWork W240946552 @default.
• W236649740 hasRelatedWork W2415881147 @default.
• W236649740 hasRelatedWork W248894468 @default.
• W236649740 hasRelatedWork W259004213 @default.
• W236649740 hasRelatedWork W273548639 @default.
• W236649740 hasRelatedWork W286730254 @default.
• W236649740 hasRelatedWork W287254695 @default.
• W236649740 hasRelatedWork W29102542 @default.
• W236649740 hasRelatedWork W296883387 @default.
• W236649740 hasRelatedWork W2978949508 @default.
• W236649740 hasRelatedWork W323467990 @default.
• W236649740 hasRelatedWork W803855849 @default.
• W236649740 hasRelatedWork W177401808 @default.
• W236649740 hasRelatedWork W2336487088 @default.
• W236649740 hasRelatedWork W2993126070 @default.
• W236649740 hasVolume "100" @default.
• W236649740 isParatext "false" @default.
• W236649740 isRetracted "false" @default.
• W236649740 magId "236649740" @default.
• W236649740 workType "article" @default.