ISMG to Offer Exclusive New Webinar on ID Theft Red Flags

Princeton, NJ, June 13, 2008 --(PR.com)-- This one-of-a-kind web event provides learned advice from regulators and practitioners to help institutions ready themselves for the November 1 compliance deadline.

The webinar, entitled ID Theft Red Flags Roundtable - Tips from Regulators and Practitioners on How to Meet Nov. 1 Compliance, debuts July 9.

In November 2007, banking agencies issued their final rule and guidelines on identity theft "red flags" and address discrepancies, commonly known as Identity Theft Red Flags Rule. In short, the agencies stipulate that financial institutions and creditors implement written identity theft prevention programs, that card issuers assess the validity of change of address requests, and that users of consumer reports verify identities in the event of a notice of address discrepancy.

The rush is on, with a mere four months remaining for U.S. banking institutions to achieve compliance with these mandates. As such, many institutions have forged Red Flags teams, while leveraging work from their compliance efforts around the Patriot Act and Gramm-Leach-Bliley Act. Still others have already devised identity theft prevention strategies and initiated employee and customer awareness programs.

However, for those still in the assessment phase, Information Security Media Group has gathered together an esteemed panel of industry leaders in a single web forum to help boost Red Flag readiness. The webinar features new market research from Information Security Media Group and hands-on counsel from banking regulators and practitioners.

“There are many institutions that are still in dire need of a little direction around the Red Flags,” says Mike D'Agostino, Marketing Manager at Information Security Media Group. “With its practical advice and insider tips, this is a must-see event for those folks. And with the compliance deadline looming, its timing couldn’t be better.”

This event is architected to help institutions benchmark their progress against current Red Flag market trends, assess their preparedness and prioritize and perform triage on specific compliance issues. In addition, the panelists will explore how some institutions have successfully tackled the Red Flags challenge and shed light on what institutions can expect from examiners come November 1st.

The webinar will be moderated by Tom Field, Editorial Director at Information Security Media Group. Although speakers are still being added to the panel, confirmed presenters include: William Henley, Office of Thrift Supervision; Steven Jones, Vice President, Director Information Security, Synovus Financial Corp.; and Evelyn Royer, Vice President Risk Management & Support Services, Purdue Employees Federal Credit Union.

To register for the webinar:
http://www.bankinfosecurity.com/webinarsDetails.php?webinarID=90&tab=1

About ISMG: With members representing over 13,000 financial institutions, and regular input from federal banking agency officers and their own board of advisors, ISMG delivers webinars and online training that is focused, timely and -- most important -- useful. Presented by actual practitioners and industry experts, each presentation (ranging from 90 minutes to two-plus hours) delivers how-to and practical information on the inner-workings of information security programs at financial institutions. For more on ISMG’s training offerings, view the webinar calendar: http://www.bankinfosecurity.com/webinarsCalendar.php

###