Financial institutions need to continue to educate the public about identity theft. Banks and credit unions have until November 1, 2008 to become compliant with the new regulation. Having a privacy policy posted on your institution’s website and allowing customers to choose how they receive information from your institution are a great place to begin showing increased vigilance about data protection. The right spin will make your institution look proactive, rather than reactive, when it comes to protecting customer information. Ask managers to assess their staff on compliance with security policies.”]
Source: https://www.cuinfosecurity.com/id-theft-red-flags-update-a-631