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BusinessWeek Blog: Your Site, Others' Misbehavior: The Two U.S. Safe Harbor Laws Web site owners are protected under US law from liability for what others do on their sites...if they know how to take advantage of the safe harbors. This blog article by Jonathan Ezor, originally posted to the BusinessWeek NewEntrepreneur site, explains.
FTC Extends Enforcement Deadline for Identity Theft Red Flags Rule The Federal Trade Commission is once again delaying enforcement of the "Red Flags" Rule from November 1, 2009 until June 1, 2010, for financial institutions and creditors subject to enforcement by the FTC. The Rule was promulgated under the Fair and Accurate Credit Transactions Act, in which Congress directed the Commission and other agencies to develop regulations requiring "creditors" and "financial institutions" to address the risk of identity theft. The resulting Red Flags Rule requires all such entities that have "covered accounts" to develop and implement written identity theft prevention programs to help identify, detect, and respond to patterns, practices, or specific activities - known as "red flags" - that could indicate identity theft. |
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