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Why make utilities subject to the Red Flag Rules? <br />Cutting down on Identity Theft at utilities can reduce. Identity Theft elsewhere. <br />Y Fraudulent proof of a utility account can be used to support false identification for <br />government services, financial services, voting registration, etc. <br />What is Identity Theft? <br />The FACT Act defines "Identity Theft" as: <br />"a fraud committed using the identifying information of another person." 15 <br />U.S.C. 1681a(q)(d). <br />"Identity Theft" is fraud NOT theft. <br />Who does the Rule aim to protect? <br />5- Banks — customers losses for unauthorized debit card use <br />Credit Card Issuers — customer losses for unauthorized credit card use <br />Y Utilities — sort of <br />— Utilities do not have a financial stake in their customers' financial <br />transactions, except with the utility. <br />— Identity Theft (fraud) in relation to utility accounts involves obtaining the <br />benefit of utility service using someone else's identifying information. <br />Red Flag Rule. compliance steps: <br />1. Assign a Program Administrator identified as the Treasurer for the Cityship in <br />the. Program. <br />2. Appoint a Privacy Committee — the Program Administrator and two other staff <br />members. <br />3. Develop and Identify Theft Prevention Program — the attached Program is <br />tailored to the size, complexity and nature of the City's operations. <br />4_ Approve the Program by November 1, 2008 — Program is presented for approval <br />by the City Council on October 21, 2008. <br />5. Update the Program as needed -Program will be reviewed annually for changes <br />in operations. <br />Action requested is to adopt the City of Gem Lake identity Theft Prevention Program <br />and authorize the Treasurer to implement and direct the Program as identified in <br />Program document. <br />