FACTA’s Red Flags Rule May Give Financial Institutions a False Sense of Security

ID Insight’s Adam Elliott provides his expert opinion in a WestLaw Journal article entitled “FACTA’s Red Flags Rule May Give Financial Institutions a False Sense of Security.”

Why are technology and automation so important in combating change-of-address fraud? Because fraudsters are counting on the hope that financial institutions will adhere to the bare minimum requirements of FACTA and not implement sophisticated policies and procedures to help ensure that only true cardholders can make address changes.  Read the full article.

Reprinted with Permission. © 2015 Thomson Reuters.

Date Posted: May 4, 2015 Author: Admin Category:   Featured, News Articles

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