Revised Red Flags Rule

This week President Obama signed revised red flags rule legislation designed to exempt professionals and "other service providers" from the FTC Red Flags Rule.  It is unclear if this new legislation will change its application to health FSAs and HRAs that utilize debit cards.  The FTC website indicates that it is updating its guidance and will update the website when that process is complete.  In the interim, you can review the application of the Red Flags Rule for employee benefits, by reviewing our Legal Alert:  http://bit.ly/i5YOSm

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Knowledge assets are defined in the study as confidential information critical to the development, performance and marketing of a company’s core business, other than personal information that would trigger notice requirements under law. For example,
The new study shows dramatic increases in threats and awareness of threats to these “crown jewels,” as well as dramatic improvements in addressing those threats by the highest performing organizations. Awareness of the risk to knowledge assets increased as more respondents acknowledged that their