Identity Theft Red Flags

What this video covers

• What makes an account a covered account under Regulation S-ID, and why not every brokerage account triggers the requirement
• The four sequential elements of a written Identity Theft Prevention Program: identify, detect, respond, and periodically update
• What it means to identify relevant red flags versus merely having a generic policy list sitting unused
• Why detection requires active systems that flag incorporated red flags in real time, not passive manual reviews
• How an appropriate response to detected red flags works to prevent and mitigate identity theft damage immediately
• The periodic update requirement and why a static program fails as identity theft risks evolve
• The exam-critical separation between Regulation S-ID identity theft red flags and Regulation S-P privacy and safeguarding duties