When an identity thief, or any crook for that matter, look for ways to perpetrate their crime they often look for the easiest way to accomplish the offense and not get caught. Identity Theft, in itself, is fairly easy to commit and the chances of you being caught or brought to justice are very slim. The conviction rate is somewhere in the 6-7 percent range. As I have stated in earlier articles the identity thief is not looking for just a few people's identities they are looking for dozens, if not hundreds, because it makes their crime a lot easier to commit. Because it's a numbers game companies and businesses are prime targets for thieves because of the amount of information available to them. Over 52% of information that is being used for Identity Theft was coming from businesses so the Federal Government stepped in and enacted legislation that addressed this development. And so the "Red Flag Rule" was born.
The Red Flag Rule is a very specifically targeted, required governmental regulation that holds businesses and companies accountable for the security of Non-Public and personal information of its staff and work force.
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