April 3, 2009
May Day
May 1, 2009 is the date the Federal Government expects your dealership to be in compliance with the Red Flag Rules.
For those who have been hibernating, or selectively procrastinating, May 1, 2009 quickly approaches. On May 1, 2009, the Federal Government expects your dealership to be compliant with the red flag rules; NOT GETTING AROUND TO DOING SOMETHING ABOUT IT. Fines for violating the rules range from $2,500.00 per violation, to as high as $11,000 per incident.
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April 3, 2009
HOW NOT TO WORK YOUR RED FLAG
Woman arrested for identity theft
The following is a story about a woman arrested for trying to buy a wave runner with a stolen ID. A sales staff selling wave runners caught her. Good for them.
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April 3, 2009
MILLIONS FOR NON-COMPLIANCE
CVS Caremark has agreed to settle Federal Trade Commission charges that it failed to take reasonable and appropriate security measures to protect the sensitive financial and medical information of its customers and employees, in violation of federal law. In a separate but related agreement, the company’s pharmacy chain also has agreed to pay $2.25 million to resolve Department of Health and Human Services allegations that it violated the Health Insurance Portability and Accountability Act (HIPAA).
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April 3, 2009
FTC Releases List of Top Consumer Complaints in 2008
The Federal Trade Commission today released the list of top consumer complaints received by the agency in 2008. The list, contained in the publication “Consumer Sentinel Network Data Book for January-December 2008,” showed that for the ninth year in a row, identity theft was the number one consumer complaint category. Of 1,223,370 complaints received in 2008, 313,982 – or 26 percent – were related to identity theft.
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