Identity Theft Prevention And Protection - 1733 Words

 ¬Ã‚ ¬Ã‚ ¬Ã‚ ¬ Section 10.9 Identity Theft Prevention and Protection The constant evolution of technology has led to the expansion of a crime that feeds on the inability of consumers to control who has access to sensitive information and how it is safeguarded. That crime is identity theft. Identity theft causes financial damage to consumers, creditors, retail establishments, and the economy as a whole. The Identity Theft Policy of NFBS is designed to reasonably detect red flags, respond to red flags, and prevent and protect account holders from identity theft. The firm has designated Mark EstepSusan Martin as the Identity Theft Protection Officer. Please see the AML, Consumer Information Privacy, and Prohibited Acts sections of this manual for more information about customer privacy, customer identification, money laundering, and respective red flags. Policy: Advisors, Coordinators, and Associates of NFBS must take reasonable steps to detect red flags, respond to red flags, and prevent and protect account holders from becoming victims of identity theft. Adhere to this policy by verifying client information with your client s and/or with the information of record before executing requests for any activity in accounts. Examples of information you can verify are signatures on account forms, email addresses, physical addresses, dates of birth, SSN, and acceptable forms of government issued identification. No unauthorized persons may conduct business in NFBS accounts.Show MoreRelatedProtecting Yourself from Identity Theft Essay1745 Words   |  7 Pagesin your name and it is your address. You may not believe it, but your identity has been stolen and now someone is out there posing as you, running willy nilly around town with your life in hand. The truth is, there is almost nothing you can do once your identity is stolen. How are y ou going to explain to a credit card company that you did not purchase anything when everything is in your name? This is what makes identity theft so effective, someone can go in, do large amounts of damage and disappearRead MoreIdentity Theft Essay1749 Words   |  7 Pagesin your name and it is your address. You may not believe it, but your identity has been stolen and now someone is out there posing as you, running willy nilly around town with your life in hand. The truth is, there is almost nothing you can do once your identity is stolen. How are you going to explain to a credit card company that you did not purchase anything when everything is in your name? This is what makes identity theft so effective, someone can go in, do large amounts of damage and disappearRead MoreThe Most Problematic Social and Economic Problem in Today’s Society997 Words   |  4 PagesIdentity Theft might just be the most problematic social and economic problem in the US. 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