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Identity Theft Red Flags Rule: Only Half of Institutions Will Beat Deadline

Only half of institutions surveyed say they are close to compliance and will beat the Nov. 1 deadline. A combined 47% say they either will barely meet the deadline, won’t make it or don’t know. Only 3% of respondents say they’re already completely compliant. Only 7% of large institutions say their new programs will be “very effective,” and 86% describe them as “moderately effective” An upcoming webinar, ID Theft Red Flags Roundtable – Tips from Regulators and Practitioners on How to Meet November 1 Compliance, will debut on July 9.”]

Source: https://www.bankinfosecurity.com/identity-theft-red-flags-rule-only-half-institutions-will-beat-deadline-a-899

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