Here's a New Year's resolution to consider: Ensure compliance with the "Red Flags Rule" the Federal Trade Commission is set to begin enforcing on Friday, Dec. 31.
The rule requires financial institutions and creditors-in such diverse areas as auto, mortgage and wireless-to develop and implement identity theft prevention programs.
Tom Oscherwitz, chief privacy officer for consumer risk management specialist ID Analytics in San Diego, advises credit unions to "take the rules seriously."
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