FOR IMMEDIATE RELEASE
Aerstone Releases Free Red Flags Calculator
ROCKVILLE, Maryland — August 24, 2016 —Aerstone today announced it has released their Red Flags Calculator, a free tool that organizations can use to assess FTC Red Flags program compliance requirements.
The FTC Red Flags Rule was established by the U.S. Federal Trade Commission under the 2003 Fair and Accurate Credit Transactions Act (FACTA). This law requires the establishment and maintenance of a program to identify, detect, prevent, and mitigate identity theft for “covered accounts” in day-to-day operations for both financial institutions and creditors. This definition is loose enough to apply to a wide range of companies that hold “transaction accounts” belonging to a consumer, such as brokerage firms or mutual funds, banks, savings and loan associations, mutual savings banks, credit unions, and even public utilities.
The path to Red Flags compliance is a four-part process:
- IDENTIFY: Institutions must identify likely business-specific identity theft “red flags”
- DETECT: Institutions must define procedures to detect Red Flags in day-to-day operations
- PREVENT and MITIGATE: Institutions must define actions to take when red flags are identified
- MAINTAIN: Institutions must define how their Red Flags program will be maintained and updated
Aerstone’s free online Red Flags Calculator can help companies determine whether their organization is required to implement an FTC-compliant identity theft protection program.
In addition to providing this free calculator, Aerstone works with organizations to develop the necessary privacy and security policies, and conduct the necessary staff training, that will ensure full compliance with FTC Red Flags requirements. Our application testing services can also help ensure the security posture of public-facing systems, so that all sensitive customer information is properly protected.
Interested in reselling Aerstone’s Red Flags consulting services? Host Aerstone’s Red Flags calculator on your website, and earn referral fees! Contact our sales team for more information.
For more details visit https://aerstone.com/assess/red-flags-compliance/
Quest Consultants LLC DBA Aerstone is a veteran owned small business (VOSB) that provides subject matter expertise and software development services in the field of advanced cybersecurity. Our commercial customers include medium and large organizations in the financial services, legal, utility, and education spaces – as well as a number of non-profit organizations. The company also provides exceptional support and cleared staff to a wide variety of federal organizations in the civilian, military, and intelligence community sectors. Our products and services touch all aspects of cybersecurity, including architecture, systems design, software development, training, assessment, and forensics. For more information, visit www.aerstone.com.
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