The Federal Trade Commission’s (FTC) regulation called the “Red Flags Rule,” will go into effect on Aug. 1. According to Kaiser Health News,the rule requires physicians’ offices and hospitals, among other businesses, to create new protocols to spot the “red flags” of identity theft.
Healthcare facilities will now be responsible for detecting fake or altered IDs, medical records inconsistencies and fraud alerts.
According to news report, doctors will now not only be required to implement procedures that allow them to detect these warning signs but also spell out what they’ll do when they find something suspicious.
The implementation of this regulation was delayed three months to give creditors and financial institutions more time to develop and implement written identity theft prevention programs.
To read the complete story, click here.
To read more about the new regulation, click here.
