Identity Theft and Financial Privacy

Exam Questions: 40
Course Level: Basic
Pages: 236 | Content: 186, Supplemental: 50
NASBA Area of Study: Business Law
Not Acceptable for: Enrolled Agents
Version: 5585H

More than ever before, the information explosion has led to the expansion of a crime in the form of identity theft. This course provides an overview of the problems of identity theft, types of identity theft, and remedies available for its victims. In addition, it will look at suggestions for businesses to use to reduce the risk of such crimes. Lastly, the course focuses on several rules mandating practices for financial firms to safeguard client information. PLEASE NOTE: Not accepted for Enrolled Agents. All course material provided. No prerequisites. Course level: Basic.

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Course Information

Table of Contents
  • Introduction to Identity Theft
  • Common Schemes in Identity Theft
  • Victims of Identity Theft
  • Other Forms of Identity Theft
  • How to Protect Yourself When Using Technology
  • Social Security Numbers
  • Identity Theft and Business
  • The Financial Privacy Requirements of the Gramm-Leach-Bliley Act
  • Financial Institutions and Customer Data: Complying with the Safeguards Rule
  • The Disposal Rule and the Red Flags Rule
  • To identify the most common reasons for identity theft
  • To recognize the requirement of consumer reporting agencies to provide individuals with credit reports
  • To identify common schemes used in perpetrating identity theft
  • To recall the impacts of using fraud alerts
  • To recall an individual's limited responsibility for unauthorized credit card charges
  • To identify common sources for child identity theft
  • To recognize the impact on a victim of criminal identity theft
  • To recognize the security measures that should be taken due to advances in wireless technology
  • To identify the control recommendations for protecting the security of social security numbers
  • To recognize ways businesses can help prevent identity theft
  • To recall the requirements of the Gramm-Leach-Bliley Act
  • To identify what is governed by the Financial Privacy Rule
  • To recognize who is impacted by the Safeguards Rule
  • To recognize the impact of the federal Disposal Rule
  • To recall who must comply with the Red Flags Rule

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