Red Flags Rule deadline pushed back again
HIPAA Weekly Advisor, August 3, 2009
Want to receive articles like this one in your inbox? Subscribe to HIPAA Weekly Advisor!
By John Commins, HealthLeaders Media
Remember that August 1 deadline for the Red Flags rule? Never mind.
The Federal Trade Commission announced July 29 that—for a third time—it has pushed back enforcement of the anti-fraud regulations until November 1, a full year after it was first scheduled to take effect.
The additional three months—which comes at the request of the House Appropriations Committee—will be used to educate small businesses about Red Flags Rule compliance and to allow financial institutions and creditors more time to implement written identity theft prevention programs, according to the FTC.
Red Flags Rule requires creditors and financial institutions to have in place identify theft prevention, detection, and response systems. The Fair and Accurate Credit Transactions Act of 2003 mandates the rule. The FTC’s Red Flags Web site includes an online compliance template that enables companies to design their own identity theft prevention program.
The FTC said that many entities have already developed and implemented appropriate programs, but that some small businesses with a low risk of identity theft remain uncertain about their obligations. The FTC is preparing additional compliance guidance and will create a special link for low-risk entities on the Red Flags Rule Web site. The FTC has already posted FAQs that address how it intends to enforce the Red Flags Rule and other topics.
Red Flags was supposed to go into effect on November 1, 2008, but it was pushed back to May 1, 2009, and then pushed back to August 1, 2009. The FTC said Wednesday’s deadline rollback does not affect other federal agencies’ enforcement of the original November 1, 2008 compliance deadline for institutions subject to their oversight.
Want to receive articles like this one in your inbox? Subscribe to HIPAA Weekly Advisor!
Related Products
-
Guide to HIPAA Auditing, Second Edition
This new edition of a best-selling book delivers the hands-on tools and guidance you need to conduct effective in-house...
-
HIPAA Training Handbook for Business Associates
Train all of your staff members with this handbook and others in the 2009 HIPAA Handbook Series. Ensure they understand...
-
HIPAA Handbook for Executive, Administrative and Corporate Staff
Train all of your staff members with this handbook and others in the 2009 HIPAA Handbook Series. Ensure they understand...
-
The No-Hassle Guide to HIPAA Policies: A Privacy and Security Toolkit
HIPAA regulations require extensive documentation—likely more than you've done in the past. Changing the way you look...
-
The HIPAA and HITECH Toolkit
The HIPAA and HITECH Toolkit is a valuable resource that helps both CEs and BAs understand and meet the HITECH Act's...
Most Popular
- Articles
-
- HIPAA Q&A: Flu shot requirement for hospital employees
- Running an effective peer review committee meeting
- HealthDataInsights posts new issues for medical necessity claims
- Sneak Peek: Effort underway to establish caseload benchmarks
- New FAQ posted on storing laryngoscope blades
- Q/A: Coding for telescopic intraocular lens
- Tip: Perform your own internal investigation prior to government audit
- HIPAA 5010 deadline extended, but threat remains, says AMA
- HHS task force: Consider privacy, security with text messages
- What does case-mix index mean to you?
- E-mailed
-
- Running an effective peer review committee meeting
- HIPAA Q&A: Flu shot requirement for hospital employees
- What does case-mix index mean to you?
- HHS task force: Consider privacy, security with text messages
- Featured blog post: Nurses face felony charges after reporting physician to the Texas Medical Board
- Q/A: Coding for telescopic intraocular lens
- Q/A: Correct use of modifier -PT
- Tip: Correctly code bilateral pain management procedures
- "Wall fountains" may be spreading Legionnaires to patients, visitors
- 2012 CPT code changes for ASCs: Shoulder and knee scopes and pain management
- Searched