Spot warning signs quickly and meet requirements easily

Red Flags rules require your institution to prevent identity theft and impose significant burdens on your bank risk management activities. You have to conduct a risk assessment to identify covered accounts; identify possible dozens of issues that indicate a possible identity theft; develop a detection and response procedure for each; create a written program and train employees; and review its effectiveness at least once annually.

Scout makes it easy to spot the warning signs of identity theft, meet federal compliance regulations for tracking and reporting. Use the intuitive features of Scout’s web-based risk management dashboard to:

• Record and track ID theft events
• Spot trends and identify risk areas
• Produce four major required annual reports