Seminar to raise red flags
SBCOE | Quote | Chart | News | PowerRating -- The Lenoir Community College Small Business Center and Kinston-Lenoir County Chamber of Commerce are co-sponsoring a workshop, Fair and Accurate Credit Transaction Act Red Flag Rules, from 9 a.m. to noon Thursday at the Kinston Enterprise Center.
Brian Kennedy is the presenter. Registration will be held 30 minutesbefore the workshop. The cost is $10.
On Nov. 1, virtually every business nationwide will be required to comply with the Red Flags Rule, another piece of legislation designed to control identity theft by changing how businesses handle sensitive information of their customers and their employees. Most states have privacy laws in addition to federal privacy and informational security laws, yet many businesses fail to comply because few are aware the laws exist on privacy compliance, and best practices are required.
It is estimated that more than half of all businesses and most small enterprises are at significant financial risk if they lose consumer or employee information. Compliance with federal and state laws as well as having documented best practices goes a long way to reducing liabilities and risk.
The seminar will cover:
The financial risk to the businesses
The five types of identity theft that plague businesses
The cost of identity theft to businesses
Legislation and penalties
FTC Guidelines for compliance
Red Flags Rule
For more information, call LCC SBC Director Greg Hannibal at 252-522-4676, ext. 2022 or Linda Murray at ext. 2022.
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http://www.kinston.com/. Copyright (c) 2009, The Free Press, Kinston, N.C.
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