Reduce your risk of loss from identity theft

The Corporate Identity Theft Prevention Program will give you the tools and sample procedures you need to put in place an identity theft prevention program to detect, prevent, and mitigate identity theft by addressing the risk to your customers and the safety and soundness of your organization.

This comprehensive manual will give you the requirements and best practices to safeguard your customer information and reduce your risk of loss from identity theft.

The book focuses on those issues that affect identity theft detection, prevention, and mitigation, including:

• Growth and Detection of Identity Theft
• How Information Is Illegally Obtained and Used
• Assisting Victims of Identity Theft
• Basics of Prevention
• Interagency Red Flag Guideline Proposal
• Information Security Requirements
• Customer Identification Program Requirements
• Consumer Privacy and the Fair Credit Reporting Act
• Related Policies and Procedures
• Corporate Originators of ACH Transactions
• Credit Card Fraud
• Fraud Involving ATM and Debit Cards

It offers a variety of methods to safeguard customer information and reduce the risk of loss from identity theft, including:

• Verifying personal information to establish the identity of individuals purchasing products and services,
• Establishing adequate procedures to detect possible fraud in new accounts,
• Verifying the legitimacy of change of address requests on existing accounts,
• Maintaining adequate security standards

About the Author:

Jeffrey Torp is a consultant in the area of regulatory risk for financial institutions. He specializes in the financial institution industry and has more than 25 years of experience serving financial institution clients in matters relating to bank regulation. Mr. Torp is an attorney and has previously served as a consultant with KPMG and with McGladrey & Pullen, LLP, and as legal counsel to the Independent Bankers of Minnesota. He received his law degree from William Mitchell College of Law in St. Paul, Minnesota, and his Bachelor of Arts Degree from Augsburg College in Minneapolis, Minnesota. Mr. Torp has worked with financial institutions throughout the country on regulatory issues and given numerous presentations on regulatory topics to groups of bankers, bank examiners, trade associations, and attorneys. He has also served as an instructor for the Independent Bankers Association of America’s compliance school and certification program, and authored several publications.

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